-- Published: Monday, 31 October 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1278.00 | +$3.10 |
Silver | $17.88 | +$0.11 |
XAU | 86.95 | +2.57% |
HUI | 212.28 | +2.53% |
GDM | 680.49 | +2.83% |
JSE Gold | 1709.91 | -36.73 |
USD | 98.36 | +0.04 |
Euro | 109.78 | -0.08 |
Yen | 95.36 | -0.14 |
Oil | $46.86 | -$1.84 |
10-Year | 1.834% | -0.011 |
T-Bond | 162.78125 | +0.59375 |
Dow | 18142.42 | -0.10% |
Nasdaq | 5189.14 | -0.02% |
S&P | 2126.15 | -0.01% |
The Metals:
Gold gained $4.57 to $1279.47 in Asia before it fell back to $1271.30 in early afternoon New York trade, but it then jumped back higher into the close and ended with a gain of 0.24%. Silver climbed to $17.913 in Asia before it dropped back to $17.753 in early New York trade, but it then bounced back higher into the close and ended with a gain of 0.62%.
Euro gold rose above €1164, platinum remained at $978, and copper climbed a penny to about $2.20.
Gold and silver equities saw slight losses at the open, but they then chopped back higher for most of the rest of trade and ended with over 2.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Personal Income | Sep | 0.3% | 0.4% | 0.2% |
Personal Spending | Sep | 0.5% | 0.5% | -0.1% |
Core PCE Price Index | Sep | 0.1% | 0.1% | 0.2% |
Chicago PMI | Oct | 50.6 | 54.0 | 54.2 |
Tomorrow brings the ISM Index and Construction Spending.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 4% after this past weekend’s meetings failed to produce any kind of progress towards a production deal.
The U.S. dollar index bounced back from last Friday’s election jitters in early trade, but it then fell back off into the close and with only a slight gain.
Treasuries edged higher on month-end portfolio rebalancing.
The Dow, Nasdaq, and S&P held near unchanged on deal making news.
Among the big names making news in the market today were Lumber Liquidators, Hexagon, TeamHealth, Alibaba, Sony, CenturyLink and Level 3 Communications, and GE and Baker Hughes.
GATA Posts:
Venezuelans give up on counting piles of cash and start weighing them
World to face stress test as dollar LIBOR spikes and bond rout deepens
China links gold market with Dubai
Dutch financial newspaper interviews gold researcher Koos Jansen
GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy
Hathaway's Tocqueville gold letter gets pretty frank about market rigging
The Statistics:
As of close of business: 10/28/2016
Gold Warehouse Stocks: | 10,564,722.892 | +192.91 |
Silver Warehouse Stocks: | 173,448,712.319 | -14,605.248 |
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$38,535m |
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$5,654m |
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$6,249m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
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:
Almaden’s (AAU) deposit updates and Endeavour Mining’s (EDV.TO) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +5.30% $5.17 |
2. Newmont | NEM +4.69% $37.04 |
3. Exeter | XRA +4.55% $1.15 |
LOSERS
1. Eldorado | EGO -5.11% $3.16 |
2. Alexco | AXU -3.83% $1.76 |
3. Primero | PPP -2.14% $1.37 |
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: Monday, 31 October 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Oil Tumbles
