-- Published: Tuesday, 27 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1327.20 | -$10.10 |
Silver | $19.14 | -$0.26 |
XAU | 92.98 | -1.55% |
HUI | 229.30 | -1.46% |
GDM | 734.21 | -1.37% |
JSE Gold | 2070.95 | -44.19 |
USD | 95.43 | +0.15 |
Euro | 112.20 | -0.33 |
Yen | 99.65 | -0.01 |
Oil | $44.67 | -$1.26 |
10-Year | 1.556% | -0.033 |
T-Bond | 169.46875 | +1.21875 |
Dow | 18288.30 | +0.74% |
Nasdaq | 5305.71 | +0.92% |
S&P | 2159.93 | +0.64% |
The Metals:
Gold dropped $12.09 to $1325.21 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.76%. Silver slipped to as low as $18.982 and ended with a loss of 1.34%.
Euro gold dropped to about €1183, platinum lost $10 to $1024, and copper fell a few cents to about $2.17.
Gold and silver equities fell over 2% by late morning before they chopped back higher at times, but they still ended with over 1% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Case-Shiller 20-city Index | July | 5.0% | 5.1% | 5.1% |
Consumer Confidence | Sep | 104.1 | 98.0 | 101.8 |
Tomorrow brings Durable Goods Orders and GDP.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% after Iran cast doubt that a deal will be reached to freeze output levels.
The U.S. dollar index rose with the Dow, Nasdaq, and S&P on better than expected economic data and a relatively calm front in politics.
Treasuries remained higher after today’s $34 billion 5-year note auction sold at a yield of 1.129% with a bid to cover of 2.39.
Among the big names making news in the market today were American Express, Disney, Wells Fargo, and Deutsche Bank.
GATA Posts:
Options expiration is prime time for monetary metals suppression, Turk cautions
The Statistics:
As of close of business: 9/26/2016
Gold Warehouse Stocks: | 10,609,572.806 | -16,364.35 |
Silver Warehouse Stocks: | 172,214,103.518 | +1,899,084.29 |
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 | 951.216 | 30,582,535 | US$40,571m |
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$5,895m |
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$6,505m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$476m |
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: 226.29: +1.88 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,337.95: No change from yesterday’s data.
The Miners:
WINNERS
1. Alexco | AXU +3.57% $1.74 |
2. Gold Standard | GSV +2.51% $2.45 |
3. Gold Resource | GORO +2.29% $7.14 |
LOSERS
1. B2Gold | BTG -11.76% $2.55 |
2. Exeter | XRA -6.19% $1.21 |
3. McEwen | MUX -4.61% $3.52 |
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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-- Published: Tuesday, 27 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
