-- Published: Wednesday, 19 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1269.40 | +$7.40 |
Silver | $17.68 | +$0.08 |
XAU | 87.59 | +2.64% |
HUI | 217.08 | +2.80% |
GDM | 688.84 | +2.76% |
JSE Gold | 1893.18 | +58.09 |
USD | 97.89 | +0.01 |
Euro | 109.73 | -0.06 |
Yen | 96.69 | +0.41 |
Oil | $51.60 | +$1.31 |
10-Year | 1.752% | +0.003 |
T-Bond | 164.40625 | +0.125 |
Dow | 18202.62 | +0.22% |
Nasdaq | 5246.41 | +0.05% |
S&P | 2144.29 | +0.22% |
The Metals:
Gold gained $11.23 to $1273.23 in late morning New York trade before it drifted back lower in afternoon action, but it still ended with a gain of 0.59%. Silver rose to as high as $17.768 and ended with a gain of 0.45%.
Euro gold rose above €1157, platinum gained $1.50 to $942, and copper remained at about $2.11.
Gold and silver equities rose almost 3% by late morning and remained near that level into the close.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Sep | 1047K | 1168K | 1150K |
Building Permits | Sep | 1225K | 1164K | 1152K |
Fed's Beige Book: Most of U.S. grew at modest to moderate rate MarketWatch
Mortgage applications climb 0.6%; rising rates don't scare buyers CNBC
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, Leading Economic Indicators, and Existing Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 2% after the Energy Information Administration reported that crude inventories fell 5.2 million barrels, gasoline inventories rose 2.5 million barrels, and distillates fell 1.2 million barrels.
The U.S. dollar index and treasuries held near unchanged while the Dow, Nasdaq, and S&P edged higher on decent earnings reports.
Among the big names making news in the market today were UnitedHealth, Halliburton, Facebook, Samsung, and Morgan Stanley.
GATA Posts:
Gold in India trades at premium for first time in 9 months, dealers say
ECB urges EU to curb virtual money for fear of losing control
Central banks, not bullion banks, long have been GATA's primary target
The Statistics:
As of close of business: 10/18/2016
Gold Warehouse Stocks: | 10,468,361.656 | -137,139.094 |
Silver Warehouse Stocks: | 173,490,134.970 | -235,780.35 |
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$39,455m |
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$5,641m |
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$6,239m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
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: 227.56: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,268.35: No change from yesterday’s data.
The Miners:
Turquoise Hill’s (TRQ) third quarter 2016 production and Eurasian’s (EMXX) optioned project were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +6.29% $1.86 |
2. IAMGOLD | IAG +5.74% $3.87 |
3. Barrick | ABX +5.62% $17.29 |
LOSERS
1. Nevsun | NSU -3.28% $2.95 |
2. Gold Standard | GSV -2.68% $2.54 |
3. Paramount | PZG -1.43% $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: Wednesday, 19 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Oil Again
