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Gold Seeker Closing Report: Gold and Silver Close Mixed While Stocks Rise 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 15 September 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1314.00

-$8.60

Silver

$19.00

+$0.02

XAU

92.71

+0.46%

HUI

230.25

+0.31%

GDM

729.73

+0.78%

JSE Gold

2151.40

-46.64

USD

95.28

-0.05

Euro

112.41

-0.07

Yen

97.89

+0.27

Oil

$43.91

+$0.33

10-Year

1.703%

+0.014

T-Bond

166.8125

-0.59375

Dow

18212.48

+0.99%

Nasdaq

5249.69

+1.47%

S&P

2147.26

+1.01%

 
 

 

The Metals:

 

Gold chopped around a $7 range on either side of unchanged in Asia before it dropped down to $1309.46 by a little after 10AM EST and then bounced back to almost unchanged at $1321.18 in the next hour of trade, but it then drifted back lower in afternoon trade and ended with a loss of 0.65%.  Silver climbed up to $19.129 before it dropped back to $18.823, but it then rallied back higher in late morning trade and ended with a gain of 0.11%.

 

Euro gold fell to about €1169, platinum lost $3 to $1030, and copper climbed a penny to about $2.16.

 

Gold and silver equities fell over 2% in the first half hour of trade before they rose to see over 1% gains by midday and then fell back off at times, but they still ended modestly higher on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

9/10

260K

263K

259K

Retail Sales

Aug

-0.3%

-0.1%

0.1%

Retail Sales ex-auto

Aug

-0.1%

0.3%

-0.4%

PPI

Aug

0.0%

0.1%

-0.4%

Core PPI

Aug

0.1%

0.1%

-0.3%

Philadelphia Fed

Sep

12.8

0.0

2.0

Empire Manufacturing

Sep

-2.0

0.0

-4.2

Current Account Balance

Q2

-$119.9B

-$122.8B

-$131.8B

Industrial Production

Aug

-0.4%

-0.3%

0.6%

Capacity Utilization

Aug

75.5%

75.7%

75.9%

Business Inventories

July

0.0%

0.1%

0.2%

 

Tomorrow brings CPI, Michigan Sentiment, and Net Long-Term TIC Flows.

 

The Markets:

 

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

 

Oil rose almost 1% as gasoline shot higher on news of refinery repairs.

 

The U.S. dollar index and treasuries waffled near unchanged on mixed economic data.

 

The Dow, Nasdaq, and S&P followed Apple and oil higher on thoughts that the fed will not raise rates next week after today’s data.

 

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

 

The Statistics:

As of close of business: 9/14/2016

Gold Warehouse Stocks:

10,881,286.079

+578.70

Silver Warehouse Stocks:

167,791,011.301

+977,784.95

 

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$39,418m

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$5,846m

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$6,473m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$472m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

38.56

1,239,670

US$1,656m

 Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 225.84: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,272.98: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) temporary suspension of operations at the Veladero mine, Kirkland’s (KLG.V) confirmed ticker symbol change, Paramount’s (PZG) board appointment, and First Majestic’s (AG) board resignation were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Hecla

HL +4.11% $5.57

2.  Vista Gold

VGZ +3.12% $1.01

3.  Eurasian

EMXX +2.91% $1.06

 

LOSERS

1.  Sandstorm

SAND-5.78% $5.71

2.  Gold Standard

GSV -4.20% $2.28

3.  Avino

ASM -3.15% $2.15

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

 

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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: Thursday, 15 September 2016 | E-Mail  | Print  | Source: GoldSeek.com

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