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Gold Seeker Closing Report: Gold Gains and Silver Surges 2%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 19 September 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1313.30

+$2.40

Silver

$19.16

+$0.39

XAU

92.28

+0.85%

HUI

227.28

+0.71%

GDM

732.18

+2.13%

JSE Gold

2074.85

-9.39

USD

95.85

-0.24

Euro

111.77

+0.20

Yen

98.21

+0.44

Oil

$43.30

+$0.27

10-Year

1.696%

-0.005

T-Bond

167.25

+0.0625

Dow

18120.17

-0.02%

Nasdaq

5235.03

-0.18%

S&P

2139.12

-0.00%

 
 

 

The Metals:

 

Gold gained $7.16 to $1318.06 in Asia before it drifted back lower in London and New York, but it still ended with a gain of 0.18%.  Silver rose to as high as $19.298 and ended with a gain of 2.08%.

 

Euro gold remained at about €1075, platinum gained $6 to $1019, and copper stayed at about $2.16.

 

Gold and silver equities rose roughly 1% in the first half hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

NAHB Housing Market Index

Sep

65

59

60

 

For Yellen, a September Fed surprise could close confidence gap Reuters

Talk of surprise interest-rate hike in the air as Fed meets MarketWatch

 

Tomorrow brings Housing Starts and Building Permits.

 

The Markets:

 

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

 

Oil edged higher on continued talks over a possible agreement to freeze production levels.

 

The U.S. dollar index fell and treasuries saw slight gains as the Dow, Nasdaq, and S&P held near unchanged on uncertainty over central bank policy.

 

Among the big names making news in the market today were BlackRock, Samsung, Unilever, Exxon, and Apple.

 

GATA Posts:

 

Monetary forum's 'Seven Ages of Gold' report sees metal regaining status

Greyerz and Leeb comment on gold at King World News

Funds dump gold at fastest pace since May as Fed outlook shifts

Gold miners stick close to home in hunt for more metal

Join GATA in October at the New Orleans conference because you can't lose

BIS flashes red alert for a banking crisis in China

GATA secretary interviewed on Wesleyan University radio station

GATA's Murphy explains gold and silver suppression in X22 Report interview

GoldMoney's Turk discusses gold price suppression on 'Keiser Report'

 

The Statistics:

As of close of business: 9/16/2016

Gold Warehouse Stocks:

10,851,189.910

+63,337.00

Silver Warehouse Stocks:

170,444,415.588

+1,153,566.767

 

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

942.611

30,305,879

US$39,839m

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$5,834m

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$6,447m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$471m

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 added 10.386 tonnes.

 

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) operations in Argentina, Goldcorp’s (GG) board appointment, Nevsun’s (NSU) dividend, Seabridge Gold’s (SA) updated Feasibility Study, Primero’s (PPP) exploration update, and Silver Standard’s (SSRI) agreement with Huayra Minerals were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +7.69% $2.10

2.  IAMGOLD

IAG +3.26% $4.12

3.  Endeavour Silver

EXK +3.07% $5.03

 

LOSERS

1.  Alexco

AXU -5.67% $1.83

2.  Seabridge

SA -1.62% $10.90

3.  Richmont

RIC -1.19% $9.97

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

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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: Monday, 19 September 2016 | E-Mail  | Print  | Source: GoldSeek.com

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