-- Published: Friday, 7 October 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1255.00 | +$0.70 | -4.74% |
Silver | $17.46 | +$0.14 | -8.87% |
XAU | 81.32 | -0.15% | -13.49% |
HUI | 199.26 | -0.03% | -13.79% |
GDM | 637.40 | -0.06% | -13.19% |
JSE Gold | 1794.68 | +0.67 | -15.16% |
USD | 96.50 | -0.18 | +1.05% |
Euro | 112.00 | +0.52 | -0.34% |
Yen | 97.16 | +1.01 | -1.50% |
Oil | $49.81 | -$0.63 | +3.25% |
10-Year | 1.736% | -0.006 | +7.96% |
Bond | 165.03125 | -0.03125 | -1.97% |
Dow | 18240.49 | -0.15% | -0.37% |
Nasdaq | 5292.40 | -0.27% | -0.37% |
S&P | 2153.74 | -0.33% | -0.67% |
The Metals:
Gold jumped up to $1264.23 after the release of this morning’s jobs data before it fell back to $1242.42 in early afternoon New York trade, but it then rallied back higher into the close and ended with a gain of 0.06%. Silver rose to as high as $17.612 and ended with a gain of 0.81%.
Euro gold fell to about €1121, platinum gained $5.50 to $964, and copper climbed a penny to about $2.17.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Sep | 156K | 176K | 167K |
Unemployment Rate | Sep | 5.0% | 4.9% | 4.9% |
Hourly Earnings | Sep | 0.2% | 0.2% | 0.1% |
Average Workweek | Sep | 34.4 | 34.4 | 34.3 |
Wholesale Inventories | Aug | -0.2% | -0.1% | -0.1% |
Consumer Credit | Aug | $25.8B | $18.0B | $17.8B |
The BLS net birth/death adjustment subtracted 57,000 payrolls from September’s data. Private Payrolls rose 167,000.
All of this week’s other economic reports:
Next week’s economic highlights include FOMC Minutes on Wednesday, Initial Jobless Claims, Export and Import Prices, and the Treasury Budget on Thursday, and PPI, Retail Sales, Business Inventories, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% “after Russia cast doubt over a deal any time soon with OPEC.”
The U.S. dollar index dropped and treasuries traded mixed on disappointing jobs data that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market Friday were AIG, Tyson Foods, Deutsche Bank, Apple, Samsung, and Gap.
GATA Posts:
Lawrie Williams: How long for gold market to be controlled by paper non-transactions?
Gold likely to rebound Monday when China resumes trading, Maguire says
The Statistics:
Activity from: 10/6/2016
Gold Warehouse Stocks: | 10,692,727.644 | -1,934.67 |
Silver Warehouse Stocks: | 174,832,968.838 | +119,644.37 |
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$38,348m |
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$5,563m |
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$6,102m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$450m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,206.36: No change from yesterday’s data.
The Miners:
WINNERS
1. Gold Standard | GSV +12.79% $2.47 |
2. Avino | ASM +10.92% $1.93 |
3. Eurasian | EMXX +6.56% $1.05 |
LOSERS
1. Gold Resource | GORO-4.37% $5.25 |
2. NovaGold | NG -4.22% $4.09 |
3. New Gold | NGD -3.02% $3.85 |
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: Friday, 7 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 5% and 9% on the Week
