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Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 25 October 2016 | Print  | Disqus 

Please Note: There will not be a Gold Seeker Closing Report the next couple of days.

 

 

Close

Gain/Loss

Gold

$1273.60

+$9.30

Silver

$17.75

+$0.16

XAU

87.31

+2.52%

HUI

215.95

+2.51%

GDM

684.55

+2.09%

JSE Gold

1826.13

+5.07

USD

98.72

-0.05

Euro

108.85

+0.04

Yen

95.95

UNCH

Oil

$49.96

-$0.56

10-Year

1.758%

-0.005

T-Bond

164.75

+0.4375

Dow

118169.27

-0.30%

Nasdaq

5283.40

-0.50%

S&P

2143.16

-0.38%

 
 
http://goldseek.com/news/GoldSeeker/2016/10-25gsr/1.jpg

 

The Metals:

 

Gold chopped higher throughout most of world trade and ended near its late session high of $1276.46 with a gain of 0.74%.  Silver rose to as high as $17.816 and ended with a gain of 0.91%.

 

Euro gold rose to about €1170, platinum gained $25 to $962, and copper climbed 4 cents to about $2.14.

 

Gold and silver equities rose about 2.5% by midafternoon and remained near that level into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Case-Shiller 20-city Index

Aug

5.1%

5.1%

5.0%

FHFA Housing Price Index

Aug

0.7%

-

0.5%

 

Tomorrow brings International Trade in Goods and New Home Sales.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/10-25gsr/1.png

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

 

Oil fell over 1% on doubts over the ability to come to a production deal.

 

The U.S. dollar index ended lower in mixed trade and treasuries edged higher as the Dow, Nasdaq, and S&P fell on mostly disappointing earnings reports and forecasts.

 

Among the big names making news in the market today were Twitter, Whirlpool, General Motors, Lockheed Martin, Under Armour, 3M, and Caterpillar.

 

GATA Posts:

 

 

GATA Chairman Bill Murphy interviewed by Dave Kranzler and Rory Hall

Indian, Chinese love affairs with gold turn financial

As yuan sinks, Goldman sees rising gold demand in China

 

The Statistics:

As of close of business: 10/24/2016

Gold Warehouse Stocks:

10,562,658.577

+4,273.992

Silver Warehouse Stocks:

174,429,080.753

-134,366.96

 

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

953.564

30,658,027

US$38,907m

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$5,653m

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$6,250m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$457m

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: 228.16: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,395.28: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) talks with China and Freeport’s (FCX) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Almaden

AAU +8.26% $1.31

2.  B2Gold

BTG +7.35% $2.92

3.  Exeter

XRA +7.14% $1.20

 

LOSERS

1.  Avino

ASM -1.47% $2.01

2.  Nevsun

NSU -0.36% $2.77

3.  McEwen

MUX -0.31% $3.23

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

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Tuesday, 25 October 2016 | E-Mail  | Print  | Source: GoldSeek.com

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