-- Published: Thursday, 20 October 2016 | Print | Disqus
Gold gained $4.22 to $1273.62 by a little before 10AM EST before it dropped back to $1264.84 in early afternoon action, but it ended with a loss of just 0.26%. Silver slipped to as low $17.454 and ended with a loss of 0.85%.
Euro gold rose to about €1159, platinum lost $13 to $929, and copper fell slightly to about $2.10.
Gold and silver equities fell over 2% in the first hour of trade, but they then bounced back higher into the close and ended near unchanged on the day.
Existing Home Sales
There are no major economic reports due out tomorrow.
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% after Russia’s largest oil company said it “can significantly increase oil production.”
The U.S. dollar index rose as the euro dropped after Draghi “said policy makers hadn’t discussed either extending the ECB’s bond-buying program or tapering the size of asset purchases.”
Treasuries saw slight gains as the Dow, Nasdaq, and S&P edged lower on mostly disappointing earnings reports.
Among the big names making news in the market today were Deutsche Bank, American Express, Nintendo, American Airlines, Verizon, and Walgreens.
Consumers will be hit by capital rules on gold, refiners say
Alasdair Macleod: Fiat money and gold
As of close of business: 10/19/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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: 11,294.92: +26.57 change from yesterday’s data.
Gold Standard’s (GSV) drill results, Comstock’s (LODE) third quarter results, and SilverCrest’s (SIL.V) permits were among the big stories in the gold and silver mining industry making headlines today.
IAG +3.62% $4.01
DRD +2.76% $5.21
3. Gold Standard
GSV +2.76% $2.61
PPP -3.59% $1.61
FSM -3.29% $6.77
HMY -3.03% $3.20
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, 20 October 2016 | E-Mail | Print | Source: GoldSeek.com