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Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 18 October 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1262.00

+$7.40

Silver

$17.60

+$0.16

XAU

85.34

+3.77%

HUI

211.17

+4.10%

GDM

670.39

+3.65%

JSE Gold

1835.09

+41.27

USD

97.88

+0.04

Euro

109.79

-0.21

Yen

96.30

+0.04

Oil

$50.29

+$0.35

10-Year

1.749%

-0.017

T-Bond

164.375

+0.4375

Dow

18161.94

+0.42%

Nasdaq

5243.84

+0.85%

S&P

2139.60

+0.62%

 
 
http://goldseek.com/news/GoldSeeker/2016/10-18gsr/1.jpg

 

The Metals:

 

Gold gained $8.98 to $1263.58 in late Asian trade before it fell back to $1256.66 by midmorning in New York, but it then climbed to a new session high of $1264.67 in early afternoon action and ended with a gain of 0.6%.  Silver rose to as high as $17.699 and ended with a gain of 0.92%.

 

Euro gold rose above €1149, platinum gained $7.50 to $940.50, and copper remained at about $2.11.

 

Gold and silver equities climbed higher throughout most of the day and ended with roughly 4% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

CPI

Sep

0.3%

0.3%

0.2%

Core CPI

Sep

0.1%

0.2%

0.3%

NAHB Housing Market Index

Oct

63

59

65

Net Long-Term TIC Flows

Aug

$48.3B

-

$102.8B

 

Tomorrow brings Housing Starts, Building Permits, and the Fed's Beige Book.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/10-18gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose almost 1% ahead of tomorrow’s inventory report.

 

The U.S. dollar index held near unchanged and treasuries rose along with the Dow, Nasdaq, and S&P on doubts that the fed will aggressively hike interest rates.

 

Among the big names making news in the market today were BlackRock, Sprint, Netflix, Harley-Davidson, Goldman Sachs, and Johnson & Johnson.

 

GATA Posts:

 

 

New York Sun: The alt-Trump?

 

The Statistics:

As of close of business: 10/17/2016

Gold Warehouse Stocks:

10,605,500.750

-225.05

Silver Warehouse Stocks:

173,725,915.320

+338,187.30

 

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

967.208

31,096,713

US$39,118m

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$5,602m

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$6,193m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$453m

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 1.78 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.56: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,268.35: No change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRX) Mining License Renewal, Randgold’s (GOLD) progress at its Kibali gold mine, Seabridge Gold’s (SA) drill results, Gold Resource’s (GORO) ramp development, and Hecla’s (HL) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +12.18% $1.75

2.  Avino

ASM +7.73% $1.95

3.  Harmony

HMY +6.95% $3.23

 

LOSERS

1.  Exeter

XRA -4.35% $1.10

2.  Gold Standard

GSV -2.25% $2.61

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

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 -- Published: Tuesday, 18 October 2016 | E-Mail  | Print  | Source: GoldSeek.com

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