-- Published: Thursday, 6 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1254.30 | -$12.30 |
Silver | $17.32 | -$0.44 |
XAU | 81.44 | -2.91% |
HUI | 199.31 | -2.90% |
GDM | 638.03 | -2.65% |
JSE Gold | 1794.01 | -37.06 |
USD | 96.68 | +0.51 |
Euro | 111.51 | -0.54 |
Yen | 96.11 | -0.50 |
Oil | $50.44 | +$0.61 |
10-Year | 1.742% | -0.026 |
T-Bond | 165.03125 | -0.6875 |
Dow | 18268.50 | -0.07% |
Nasdaq | 5306.85 | -0.17% |
S&P | 2160.77 | +0.05% |
The Metals:
Gold edged up to $1268.06 in London, but it then dropped down to as low as $1250.04 in afternoon New York trade and ended with a loss of 0.97%. Silver slipped to as low as $17.111 and ended with a loss of 2.48%.
Euro gold fell to about €1125, platinum lost $15.50 to $958.50, and copper fell slightly to about $2.16.
Gold and silver equities fell over 3% at the open before they chopped back higher at times, but they still ended with over 2.5% losses on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 10/01 | 249K | 258K | 254K |
US layoffs jump in September by 38% from August, according to Challenger CNBC
Mortgage rates hold near recent lows, Freddie Mac says MarketWatch
Tomorrow brings September’s jobs data, Wholesale Inventories, and Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% on worries about disruptions caused by Hurricane Matthew.
The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P held near unchanged ahead of tomorrow’s jobs data.
Among the big names making news in the market today were Deutsche Bank, EasyJet, Wal-Mart, and Twitter.
GATA Posts:
Central banks suppress gold to help China accumulate it, Rickards says
Banks must face gold- and silver-rigging lawsuits
The Statistics:
As of close of business: 10/05/2016
Gold Warehouse Stocks: | 10,694,662.314 | +7,051.716 |
Silver Warehouse Stocks: | 174,713,324.468 | +601,855.27 |
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 | 947.629 | 30,467,218 | US$38,219m |
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$5,577m |
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$6,164m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$449m |
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 0.323 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.23: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,206.36: -59.05 change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) Environmental Impact Assessment approval, Primero’s (PPP) COO appointment, Seabridge Gold’s (SA) Preliminary Economic Assessment, Tahoe’s (TAHO) dividend, and Silver Standard’s (SSRI) option agreement with Eagle Plains Resources were among the big stories in the gold and silver mining industry making headlines today.
No “winners” today.
LOSERS
1. NovaGold | NG -7.17% $4.27 |
2. McEwen | MUX -6.36% $3.09 |
3. Endeavour Silver | EXK -6.19% $4.09 |
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, 6 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again Before Jobs Day
