-- Published: Thursday, 29 September 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1321.40 | -$1.50 |
Silver | $19.07 | -$0.09 |
XAU | 95.01 | -0.69% |
HUI | 233.87 | -0.48% |
GDM | 742.70 | -0.34% |
JSE Gold | 2095.53 | +36.60 |
USD | 95.52 | +0.09 |
Euro | 112.19 | -0.06 |
Yen | 98.91 | -0.43 |
Oil | $47.83 | +$0.78 |
10-Year | 1.557% | -0.010 |
T-Bond | 169.5625 | +0.3125 |
Dow | 18143.45 | -1.07% |
Nasdaq | 5269.15 | -0.93% |
S&P | 2151.13 | -0.93% |
The Metals:
Gold saw slight gains in Asia before it fell to see a $6.78 loss at $1316.12 in late morning New York trade and then bounced back above unchanged in early afternoon action, but it then fell back off again into the close and ended with a loss of 0.11%. Silver slipped to $19.008 and ended with a loss of 0.47%.
Euro gold fell to about €1078, platinum gained $1 to $1023, and copper remained at about $2.20.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
International Trade in Goods | Aug | -$58.4B | -$62.2B | -$58.8B |
GDP | Q2 | 1.4% | 1.3% | 1.1% |
GDP Deflator | Q2 | 2.3% | 2.3% | 2.3% |
Initial Claims | 9/24 | 254K | 259K | 251K |
Pending Home Sales | Aug | -2.4% | 1.0% | 1.2% |
Fed’s Lockhart Sees Potential for Raising Rates ‘Before Long’ Bloomberg
Tomorrow brings Personal Income and Spending, Core PCE Prices, Chicago PMI, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained almost 2% more in continued reaction to OPEC’s production deal.
The U.S. dollar index rose and treasuries turned higher after the Dow, Nasdaq, and S&P fell about 1% “on reports that some Deutsche Bank AG clients are pairing back their exposure to the beleaguered German lender.”
Among the big names making news in the market today were Fitbit, Novo Nordisk, Nike, Deutsche Bank, and Wells Fargo.
GATA Posts:
Yellen says Fed could buy stocks if Congress authorized it
Gold deal making heating up as Kirkland Lake swallows Newmarket
Russian central bank buys gold because it can do it with depreciating rubles
Another German bank in trouble: Commerzbank to cut 9,600 jobs, suspend dividend
Russian central bank can't explain why it keeps buying gold
The Statistics:
As of close of business: 9/28/2016
Gold Warehouse Stocks: | 10,538,630.254 | -37,293.387 |
Silver Warehouse Stocks: | 173,146,991.948 | -249,832.45 |
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$40,210m |
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$5,863m |
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$6,469m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$474m |
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: 226.68: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,287.75: -50.2 change from yesterday’s data.
The Miners:
Kirkland’s (KLG.TO) merger with Newmarket (NMI.TO), Nevsun’s (NSU) drilling program, and Gold Standard’s (GSV) director appointment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Standard | GSV +7.47% $2.59 |
2. Gold Resource | GORO +4.71% $7.78 |
3. Primero | PPP +3.05% $1.69 |
LOSERS
1. Richmont | RIC -4.22% $10.22 |
2. Gold Fields | GFI -2.98% $4.89 |
3. First Majestic | AG -2.96% $10.48 |
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: Thursday, 29 September 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower While Stocks Drop Roughly 1%
