-- Published: Monday, 10 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1259.70 | +$4.70 |
Silver | $17.62 | +$0.16 |
XAU | 81.93 | +0.76% |
HUI | 200.32 | +0.53% |
GDM | 642.21 | +0.73% |
JSE Gold | 1759.45 | -35.23 |
USD | 96.93 | +0.43 |
Euro | 111.36 | -0.65 |
Yen | 96.48 | -0.66 |
Oil | $51.35 | +$1.54 |
10-Year | 1.723% | -0.013 |
T-Bond | 164.15625 | -0.75 |
Dow | 18329.04 | +0.49% |
Nasdaq | 5328.67 | +0.69% |
S&P | 2163.66 | +0.46% |
The Metals:
Gold gained almost $10 to $1264.89 in Asia before it chopped back down to $1257.75 in late morning New York trade, but it still ended with a gain of 0.37%. Silver rose to as high as $17.799 and ended with a gain of 0.92%.
Euro gold rose to about €1131, platinum lost $4 to $960, and copper climbed 3 cents to about $2.20.
Gold and silver equities climbed roughly 1% at the open and remained near that level for the rest of the day.
The Economy:
There were no major economic reports today, and there are none due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 3% “after Russia said it was ready to join OPEC in curbing crude output and Algeria called for similar commitments from other non-OPEC producers.”
The U.S. dollar index saw decent gains as the pound and euro fell on continued concerns about Brexit.
Treasuries fell as the Dow, Nasdaq, and S&P followed the oil market higher.
Among the big names making news in the market today were Bristol-Myers, Samsung, Deutsche Bank, and Twitter.
GATA Posts:
UBS' Weber warns on danger of 'massive interventions' by central banks
Western gold reserves are never audited because they are compromised, von Greyerz says
Ed Steer's Gold and Silver Daily letter for Saturday posted at GoldSeek
Silver-Investor's Dave Morgan: Beat the bankers at their own game
No central bank investigates any 'flash crash' in gold
Dutch gold finds a new home
GATA Chairman Murphy interviewed by Proven & Probable
The Statistics:
As of close of business: 10/07/2016
Gold Warehouse Stocks: | 10,745,608.779 | +52,881.135 |
Silver Warehouse Stocks: | 173,730,115.848 | -1,102,852.99 |
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 | 958.902 | 30,829,667 | US$38,826m |
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$5,591m |
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$6,178m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$452m |
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 added 11.273 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: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) tax issues in Mali and Coeur’s (CDE) exploration update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +3.67% $4.24 |
2. B2Gold | BTG +3.60% $2.30 |
3. Kinross | KGC +3.41% $3.64 |
LOSERS
1. Gold Standard | GSV -5.26% $2.34 |
2. Primero | PPP -3.33% $1.45 |
3. Avino | ASM -3.11% $1.87 |
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, 10 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
