-- Published: Thursday, 13 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1258.10 | +$2.90 |
Silver | $17.50 | -$0.04 |
XAU | 82.58 | +0.80% |
HUI | 204.20 | +1.76% |
GDM | 653.26 | +1.86% |
JSE Gold | 1845.11 | +72.08 |
USD | 97.56 | -0.38 |
Euro | 110.50 | +0.40 |
Yen | 96.49 | +0.52 |
Oil | $50.44 | +$0.26 |
10-Year | 1.738% | -0.040 |
T-Bond | 164.84375 | +0.75 |
Dow | 18098.94 | -0.25% |
Nasdaq | 5213.33 | -0.49% |
S&P | 2132.55 | -0.31% |
The Metals:
Gold gained $6.20 to $1261.40 in Asia before it fell back to $1255.48 in early New York trade, but it then chopped back higher into the close and ended with a gain of 0.23%. Silver slipped to as low as $17.414 and ended with a loss of 0.23%.
Euro gold fell to about €1139, platinum lost $3 to $934, and copper fell 5 cents to about $2.13.
Gold and silver equities rose roughly 4% by midafternoon before they fell back off into the close, but they still ended almost 2% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 10/08 | 246K | 255K | 246K |
Export Prices | Sep | 0.3% | - | -0.8% |
Export Prices ex-ag. | Sep | 0.4% | - | -0.6% |
Import Prices | Sep | 0.1% | - | -0.2% |
Import Prices ex-oil | Sep | 0.0% | - | -0.1% |
Tomorrow brings PPI, Retail Sales, Business Inventories, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned slightly higher after the EIA reported that US crude output fell last week.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped on worries about China after they reported that exports fell more than expected.
Among the big names making news in the market today were Discovery, Verizon, Deutsche Bank, Samsung, Amazon, and Wells Fargo.
Disappointing China trade data spurs fears recovery may be faltering Reuters
GATA Posts:
Alasdair Macleod: How not to manage a currency
The Statistics:
As of close of business: 10/12/2016
Gold Warehouse Stocks: | 10,648,362.400 | +30,831.87 |
Silver Warehouse Stocks: | 173,641,463.567 | +895,821.01 |
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$38,872m |
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$5,581m |
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$6,165m |
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: 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: 11,232.93: No change from yesterday’s data.
The Miners:
B2Gold’s (BTG) third quarter production results, Gold Resource’s (GORO) drill results, Gold Standard’s (GSV) drill results, Richmont’s (RIC) third quarter operational results, Timmins Gold’s (TGD) third quarter production results, McEwen’s (MUX) third quarter production results, First Majestic’s (AG) third quarter production results, and Fortuna’s (FSM) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. B2Gold | BTG +5.08% $2.48 |
2. Great Panther | GPL +4.88% $1.29 |
3. Almaden | AAU +4.20% $1.24 |
LOSERS
1. Freeport | FCX -4.08% $9.64 |
2. Turquoise | TRQ -1.35% $2.92 |
3. Nevsun | NSU -1.09% $2.73 |
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, 13 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks and Dollar Drop
