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Gold Seeker Closing Report: Gold and Silver Gain While Dollar and Oil Fall
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 14 September 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1322.60

+$4.60

Silver

$18.98

+$0.11

XAU

92.28

+0.05%

HUI

229.53

+0.26%

GDM

724.04

-0.10%

JSE Gold

2198.04

-30.81

USD

95.33

-0.25

Euro

112.53

+0.36

Yen

97.67

+0.16

Oil

$43.58

-$1.32

10-Year

1.689%

-0.045

T-Bond

167.21875

+0.40625

Dow

18034.77

-0.18%

Nasdaq

5173.77

+0.36%

S&P

2125.77

-0.06%

 
 

 

The Metals:

 

Gold gained $7.51 to $1325.51 by late morning in New York before it chopped back lower in early afternoon trade, but it still ended with a gain of 0.35%.  Silver climbed to as high as $19.118 and ended with a gain of 0.58%.

 

Euro gold rose to about €1176, platinum gained $2 to $1033, and copper climbed 5 cents to about $2.15.

 

Gold and silver equities rose about 2% in the first 45 minutes of the day before they fell to see slight losses in early afternoon trade, but they then edged back higher into the close and ended near unchanged.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Export Prices

Aug

-0.8%

-

0.2%

Export Prices ex-ag.

Aug

-0.4%

-

0.2%

Import Prices

Aug

-0.2%

-

0.1%

Import Prices ex-oil

Aug

0.0%

-

0.3%

 

6 years in, the economic recovery finally reaches middle-class Americans MarketWatch

 

Tomorrow brings Initial Jobless Claims, Retail Sales, PPI, the Philadelphia Fed, the Current Account Balance, Empire Manufacturing, Industrial Production, Capacity Utilization, and Business Inventories.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil briefly pared early losses but ultimately ended almost 3% lower after the Energy Information Administration reported that crude inventories fell 600,000 barrels, gasoline inventories rose 600,000 barrels, and distillates rose 4.6 million barrels.

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P held near unchanged on doubts that the fed will raise rates next week.

 

Among the big names making news in the market today were Ford, UPS, Wells Fargo, and Bayer.

 

GATA Posts:

 

 

GATA's Murphy and Powell interviewed by Lars Schall for Gold Switzerland

Attacks on gold and silver 'more frantic,' Embry tells KWN

Desperation and death beneath South Africa's City of Gold

 

The Statistics:

As of close of business: 9/13/2016

Gold Warehouse Stocks:

10,880,707.379

-98.96

Silver Warehouse Stocks:

166,813,226.351

+760,861.77

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

935.489

30,076,909

US$39,748m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,878m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,494m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

38.56

1,239,670

US$1,656m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.451 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.84: +0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,272.98: +41.34 change from yesterday’s data.

 

The Miners:

 

Endeavour Mining’s (EDV.TO) discovery at its Ity gold mine in Cote d'Ivoire, Sandstorm’s (SAND) project updates, SEMAFO’s (SMF.TO) resumed development in Burkina Faso, Gold Standard’s (GSV) assay results, SilverCrest’s (SIL.V) drill results, and Endeavour Silver’s (EXK) Agreement with Silver Standard Resources (SSRI) to acquire a 100% interest in Silver Standard's Parral properties were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Exeter

XRA +7.76% $1.23

2.  Great Panther

GPL +3.08% $1.34

3.  Gold Resource

GORO +2.77% $6.31

 

LOSERS

1.  Primero

PPP -4.27% $1.57

2.  Freeport

FCX -3.45% $9.80

3.  Eurasian

EMXX -2.83% $1.03

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Wednesday, 14 September 2016 | E-Mail  | Print  | Source: GoldSeek.com

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