-- Published: Wednesday, 28 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1322.90 | -$4.30 |
Silver | $19.16 | +$0.02 |
XAU | 95.67 | +2.89% |
HUI | 235.01 | +2.49% |
GDM | 746.52 | +1.73% |
JSE Gold | 2058.93 | -12.02 |
USD | 95.43 | UNCH |
Euro | 112.16 | -0.02 |
Yen | 99.32 | -0.29 |
Oil | $47.05 | +$2.38 |
10-Year | 1.567% | +0.011 |
T-Bond | 169.1875 | -0.25 |
Dow | 18339.24 | +0.61% |
Nasdaq | 5318.55 | +0.24% |
S&P | 2171.37 | +0.53% |
The Metals:
Gold dipped $4.46 to $1322.74 in Asia before it edged back to $1326.89 in London and then fell to a new session low of $1318.20 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a loss of just 0.32%. Silver slipped to as low as $18.916 at one point, but it then rallied back higher into the close and ended with a gain of 0.1%.
Euro gold dropped to about €1180, platinum lost $2 to $1022, and copper climbed a few cents to about $2.20.
Gold and silver equities climbed higher in afternoon trade and ended with about 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Orders | Aug | 0.0% | -1.9% | 3.6% |
Durable Orders, Ex-Trans. | Aug | -0.4% | -0.4% | 1.1% |
Fed's Yellen: Big U.S. bank conditions have improved 'considerably' since crisis MarketWatch
Yellen Sees Solid Job Growth, No Fixed Timetable for Rate Rise Bloomberg
Fed's Kashkari, echoing Yellen, says U.S. economy has room to run Reuters
Fed's Evans says low interest rates likely here for some time Reuters
Tomorrow brings GDP, Initial Jobless Claims, International Trade in Goods, and Pending Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil jumped over 5% higher on reports that OPEC reached a deal to freeze oil output.
The U.S. dollar index held near unchanged on tame Fedspeak.
Treasuries erased early gains after the Dow, Nasdaq, and S&P followed the oil market higher in afternoon trade. Today’s $28 billion 7-year note auction sold at a yield of 1.389% with a bid to cover of 2.47.
Among the big names making news in the market today were Anavex, BlackBerry, Chesapeake Energy, Deutsche Bank, and Wells Fargo.
GATA Posts:
Gold miner Petropavlovsk turns first profit since 2012
Shandong Gold said to be top bidder for $2 billion Glencore mine
First up: a gold depository in Texas. And then?
'Debt binge' will implode world financial system, Embry says
Randgold chief sees gold supply problem
The Statistics:
As of close of business: 9/27/2016
Gold Warehouse Stocks: | 10,575,923.641 | -33,649.165 |
Silver Warehouse Stocks: | 173,396,824.398 | +1,182,720.88 |
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 | 949.139 | 30,515,760 | US$40,345m |
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$5,873m |
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$6,483m |
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 2.077 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 226.68: +0.39 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. McEwen | MUX +8.24% $3.81 |
2. Freeport | FCX +6.86% $10.91 |
3. B2Gold | BTG +5.49% $2.69 |
LOSERS
1. Gold Standard | GSV -1.63% $2.41 |
2. New Gold | NGD -1.33% $4.46 |
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: Wednesday, 28 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Oil Jumps
