-- Published: Monday, 3 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1313.30 | -$4.10 |
Silver | $18.82 | -$0.34 |
XAU | 92.07 | -2.06% |
HUI | 226.52 | -2.00% |
GDM | 721.38 | -1.74% |
JSE Gold | 2064.06 | -51.25 |
USD | 95.73 | +0.23 |
Euro | 112.15 | -0.27 |
Yen | 98.43 | -0.25 |
Oil | $48.81 | +$0.57 |
10-Year | 1.622% | +0.014 |
T-Bond | 167.90625 | -0.25 |
Dow | 18253.85 | -0.30% |
Nasdaq | 5300.87 | -0.21% |
S&P | 2161.20 | -0.33% |
The Metals:
Gold edged up to $1319.45 in Asia before it fell to as low as $1309.46 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.31%. Silver slipped to as low as $18.703 and ended with a loss of 1.77%.
Euro gold fell to about €1071, platinum lost $22 to $1003, and copper fell a couple of cents to about $2.19.
Gold and silver equities fell almost 3% by midafternoon before they rallied back higher in late trade, but they still ended with about 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Index | Sep | 51.5 | 50.4 | 49.4 |
Construction Spending | Aug | -0.7% | 0.2% | -0.3% |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 1% on continued optimism over OPEC’s production deal.
The U.S. dollar index saw slight gains and treasuries fell on better than expected manufacturing data.
The Dow, Nasdaq, and S&P dropped on economic and political uncertainty.
Among the big names making news in the market today were Deutsche Bank, Janus, Ford, and Cabela.
GATA Posts:
Summers floats idea of sustained stock purchases by government
Many Canadian mint workers fired for theft, gold-in-rectum trial hears
India's gold imports drop for ninth month, GFMS says
Commentaries by Leeb and von Greyerz at King World News
Sean Corrigan: Flow my tears, the policeman said
The Statistics:
As of close of business: 9/30/2016
Gold Warehouse Stocks: | 10,702,380.580 | +129,812.18 |
Silver Warehouse Stocks: | 173,354,372.348 | +32,942.27 |
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 | 947.952 | 30,477,604 | US$40,012m |
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$5,828m |
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$6,441m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$470m |
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 1.187 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 226.68: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,270.04: -17.71 change from yesterday’s data.
The Miners:
Newmont’s (NEM) new gold mine in Suriname, Goldcorp’s (GG) controlled shutdown of operations at its Peñasquito mine, Entree Gold’s (EGI) potential restructuring, Endeavour Mining’s (EDV.TO) director appointments, Sandstorm Gold’s (SAND) third quarter sales, Silvercorp’s (SVM.TO) AGM results, and Fortuna’s (FSM) board appointment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +3.48% $2.08 |
2. Sandstorm | SAND +0.60% $5.06 |
3. Pan American | PAAS +0.57% $17.72 |
LOSERS
1. Gold Standard | GSV -6.30% $2.38 |
2. Almaden | AAU -5.21% $1.33 |
3. Goldcorp | GG -4.48% $15.78 |
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: Monday, 3 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Stocks
