-- Published: Friday, 28 October 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1274.90 | +$5.80 | +0.61% |
Silver | $17.77 | +$0.14 | +1.31% |
XAU | 84.78 | +0.61% | -2.41% |
HUI | 207.04 | +0.37% | -4.57% |
GDM | 661.93 | +0.44% | -3.22% |
JSE Gold | 1746.64 | -14.99 | -8.34% |
USD | 98.32 | -0.57 | -0.32% |
Euro | 109.85 | +0.84 | +0.96% |
Yen | 95.48 | +0.44 | -0.88% |
Oil | $48.70 | -$1.02 | -4.23% |
10-Year | 1.845% | +0.002 | +6.03% |
Bond | 162.1875 | -0.25 | -1.70% |
Dow | 18161.19 | -0.05% | +0.09% |
Nasdaq | 5190.10 | -0.50% | -1.28% |
S&P | 2126.41 | -0.31% | -0.69% |
The Metals:
Gold dipped $6.51 to $1262.59 by a little before 9AM EST before it jumped up to $1284.07 in early afternoon trade and then chopped back lower into the close, but it still ended with a gain of 0.46%. Silver rose to as high as $17.881 and ended with a gain of 0.79%.
Euro gold fell to about €1161, platinum gained $15 to $978, and copper climbed 3 cents to about $2.19.
Gold and silver equities waffled near unchanged and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
GDP | Q3 | 2.9% | 2.5% | 1.4% |
Chain Deflator | Q3 | 1.5% | 1.4% | 2.3% |
Employment Cost Index | Q3 | 0.6% | 0.6% | 0.6% |
Michigan Sentiment | Oct | 87.2 | 88.2 | 87.9 |
All of this week’s other economic reports:
Next week’s economic highlights include Personal Income and Spending, the Core PCE Price Index, and Chicago PMI on Monday, the ISM Index and Construction Spending on Tuesday, ADP Employment and a FOMC Rate Decision on Wednesday, Initial Jobless Claims, Productivity, Factory Orders, and ISM Services on Thursday, and October’s jobs data and the Trade Balance on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% on uncertainty about OPEC’s production deal.
The U.S. dollar index dropped “after federal government data showing a deceleration in U.S. consumer spending in the third quarter overshadowed a stronger-than-expected overall economic growth reading.”
Treasuries held near unchanged and the Dow, Nasdaq, and S&P turned lower on concerns about the FBI’s investigation of Hillary Clinton's use of a private email system.
Among the big names making news in the market Friday were Chevron, BMW, MasterCard, Apple, Microsoft, and Amazon.
GATA Posts:
Egon von Greyerz: Except in dollars, gold is near the 2011 highs
Last chance to purchase GATA conference video discs and WSJ ad posters
The Statistics:
Activity from: 10/27/2016
Gold Warehouse Stocks: | 10,564,529.982 | -128.60 |
Silver Warehouse Stocks: | 173,463,317.567 | +256,728.17 |
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 | 942.589 | 30,305,189 | US$38,567m |
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$5,629m |
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$6,221m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
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: 230.55: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,218.19: No change from yesterday’s data.
The Miners:
Tanzanian Royalty (TRX) loan agreements, Buenaventura’s (BVN) third quarter results, Northern Dynasty’s (NAK) mediation with the EPA, and Penoles’ (PENOLES.MX) third quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. New Gold | NGD +6.08% $4.01 |
2. Alexco | AXU +4.57% $1.83 |
3. NovaGold | NG +3.98% $4.96 |
LOSERS
1. Yamana | AUY -5.00% $3.42 |
2. Buenaventura | BVN-2.71% $12.91 |
3. Alamos | AGI -2.54% $7.68 |
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: Friday, 28 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Roughly 1% on the Week
