-- Published: Wednesday, 2 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1296.40 | +$9.10 |
Silver | $18.50 | +$0.17 |
XAU | 87.72 | -1.78% |
HUI | 215.12 | -1.86% |
GDM | 689.69 | -1.12% |
JSE Gold | 1843.79 | +17.01 |
USD | 97.42 | -0.36 |
Euro | 110.94 | +0.38 |
Yen | 96.69 | +0.63 |
Oil | $45.34 | -$1.33 |
10-Year | 1.799% | -0.021 |
T-Bond | 163.3125 | +0.25 |
Dow | 17959.64 | -0.43% |
Nasdaq | 5105.57 | -0.93% |
S&P | 2097.94 | -0.65% |
The Metals:
Gold gained $20.27 to as high as $1307.57 in early afternoon New York trade before it chopped back lower into the close, but it still ended with a gain of 0.71%. Silver surged to as high as $18.736 and ended with a gain of 0.93%.
Euro gold rose to about €1169, platinum lost $1.50 to $989.50, and copper remained at about $2.23.
Gold and silver equities rose over 2% at the open and held near that level for most of the day, but they then sold off in the last 2 hours of trade and ended with almost 2% losses.
The Economy:
Report | For | Reading | Expected | Previous |
ADP Employment | Oct | 147K | 165K | 202K |
Fed holds rates steady, sets stage for December hike Reuters
Fed Sets Up Possible December Move While Leaving Rates on Hold Bloomberg
Fed doesn't need to see much more evidence before raising interest rates MarketWatch
U.S. mortgage application activity falls to five-month low Reuters
Tomorrow brings Initial Jobless Claims, Productivity, Factory Orders, and ISM Services.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil extended lower after the Energy Information Administration reported that crude inventories rose 14.4 million barrels, gasoline inventories fell 2.2 million barrels, and distillates fell 1.8 million barrels.
The U.S. dollar index fell and treasuries rose again as the Dow, Nasdaq, and S&P continued lower on political uncertainty.
Among the big names making news in the market today were Deutsche Bank, Alibaba, Ford, Tesla, GameStop, Time Warner, and Broadcom and Brocade.
GATA Posts:
The $100 billion gold mine and the West Papuans who say they count the cost
The Statistics:
As of close of business: 11/1/2016
Gold Warehouse Stocks: | 10,581,045.854 | -19,846.193 |
Silver Warehouse Stocks: | 173,575,291.056 | -7,643.663 |
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 | 945.259 | 30,391,010 | US$39,144m |
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$5,794m |
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$6,403m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$468m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.67 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 231.63: +0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,235.90: +17.71 change from yesterday’s data.
The Miners:
Yamana’s (AUY) stolen gold, Newmont’s (NEM) completed asset sales, and Excellon’s (EXN.TO) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM +10.58% $2.30 |
2. Alexco | AXU +3.31% $1.87 |
3. Yamana | AUY +1.39% $3.64 |
LOSERS
1. Richmont | RIC -7.41% $8.75 |
2. Primero | PPP -5.63% $1.34 |
3. Paramount | PZG -5.23% $1.74 |
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: Wednesday, 2 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Almost 1% More
