-- Published: Wednesday, 5 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1266.60 | -$2.10 |
Silver | $17.76 | -$0.09 |
XAU | 83.88 | +0.54% |
HUI | 205.28 | +0.83% |
GDM | 655.59 | -0.78% |
JSE Gold | 1831.07 | -103.94 |
USD | 96.17 | +0.05 |
Euro | 112.08 | +0.01 |
Yen | 96.55 | -0.67 |
Oil | $49.83 | +$1.14 |
10-Year | 1.716% | +0.033 |
T-Bond | 165.71875 | -0.71875 |
Dow | 18281.03 | +0.62% |
Nasdaq | 5316.02 | +0.50% |
S&P | 2159.73 | +0.43% |
The Metals:
Gold gained $8.27 to $1276.97 at about 8:30AM EST before it fell back to $1262.25 in the next 4 hours of trade, but it then bounced back higher in late trade and ended with a loss of just 0.17%. Silver climbed above $18 in Asia before it fell back to $17.555 in New York, but it ended with a loss of just 0.5%.
Euro gold fell to about €1130, platinum lost $10 to $974, and copper remained at about $2.17.
Gold and silver equities fell about 2% by early afternoon, but they then rallied back higher into the close and ended near unchanged on the day.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Sep | 154K | 171K | 175K |
Trade Balance | Aug | -$40.7B | -$39.1B | -$39.5B |
Factory Orders | Aug | 0.2% | 0.1% | 1.4% |
ISM Services | Sep | 57.1 | 52.8 | 51.4 |
The Fed Talks Up a November Hike, But Bond Traders Aren’t Buying It Bloomberg
Tomorrow brings Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil remained over 2% higher after the Energy Information Administration reported that crude inventories fell 3.0 million barrels, gasoline inventories rose 200,000 barrels, and distillates fell 2.4 million barrels.
The U.S. dollar index ended slightly higher in mixed trade.
Treasuries fell on decent services and manufacturing data.
The Dow, Nasdaq, and S&P followed the oil market higher.
Among the big names making news in the market today were Tesco, Constellation, BlackRock, Google, Monsanto, and Fidelity.
GATA Posts:
UK consumers snap up physical gold after price slides under 1,000 pounds/oz
The IMF is worried about the world's $152 trillion debt pile
Deutsche Bank strategist says gold will keep crashing. (But then what about DB itself?)
Avery Goodman: Market manipulators choose Chinese holiday to smash gold
The Statistics:
As of close of business: 10/4/2016
Gold Warehouse Stocks: | 10,687,610.598 | +14,997.794 |
Silver Warehouse Stocks: | 174,111,469.198 | +928,002.78 |
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$38,673m |
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$5,624m |
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$6,225m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
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: 227.23: +0.55 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,265.41: -4.63 change from yesterday’s data.
The Miners:
Newmont’s (NEM) management appointment, Centamin’s (CEE.TO) preliminary production results, and Anglo American’s (AAL.L) potential asset sales were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +9.24% $1.30 |
2. Exeter | XRA +4.39% $1.19 |
3. Avino | ASM +3.95% $1.84 |
LOSERS
1. Paramount | PZG -8.29% $1.77 |
2. NovaGold | NG -5.35% $4.60 |
3. Alexco | AXU -3.66% $1.58 |
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, 5 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
