-- 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% |
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:
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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-- Published: Tuesday, 25 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1%
