Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 24 2017
By: Ira Epstein

Life Under Manipulation
By: Theodore Butler

Legendary investor names his top junior resource stock picks right now
By: Peter Spina, President, CEO of GoldSeek.com & SilverSeek.com

Silver Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Deflation must be embraced
By: Alasdair Macleod

Gold’s 47-Year Bull Market
By: Steven Saville

Taxes, Macro Signals, Seasonality, US Stocks and Gold Miners
By: Gary Tanashian

The Key to Profitably Ending Precious Metals Price Suppression And Other Markets Manipulation!
By: Deepcaster

The Precious Metals Bears' Fear of Fridays
By: Dimitri Speck

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver End Mixed Before Jobs Day
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 3 November 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1302.90

+$6.50

Silver

$18.34

-$0.16

XAU

89.33

+1.83%

HUI

218.98

+1.79%

GDM

703.23

+1.94%

JSE Gold

1817.62

-26.17

USD

97.14

-0.28

Euro

111.07

+0.09

Yen

97.18

+0.40

Oil

$44.66

-$0.68

10-Year

1.812%

+0.013

T-Bond

162.71875

-0.53125

Dow

17930.67

-0.16%

Nasdaq

5058.41

-0.92%

S&P

2088.66

-0.44%

 
 
http://goldseek.com/news/GoldSeeker/2016/11-3gsr/1.jpg

 

The Metals:

 

Gold saw notable gains in Asia before it fell to see a $10.75 loss at $1285.65 at about 8AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.5%.  Silver slipped to as low as $18.023 before it also bounced back higher, but it still ended with a loss of 0.86%.

 

Euro gold rose to about €1173, platinum gained $2.50 to $992, and copper climbed a couple of cents to about $2.25.

 

Gold and silver equities rose about 2% in the first half hour of trade and remained near that level into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

10/29

265K

256K

258K

Productivity

Q3

3.1%

1.8%

-0.2%

Unit Labor Costs

Q3

0.3%

1.2%

3.9%

Factory Orders

Sep

0.3%

0.2%

0.4%

ISM Services

Oct

54.8

55.8

57.1

 

Tomorrow brings October’s jobs data and the Trade Balance.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/11-3gsr/1.png

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

 

Oil fell another 1.5% in continued reaction to yesterday’s large supply build.

 

The U.S. dollar index dropped again as the pound jumped higher “after a U.K. high court ruled the government can’t trigger the Brexit process without approval from parliament.”

 

Treasuries fell “after the Bank of England scrapped plans to cut interest rates and indicated that inflation is likely to rise further.”

 

The Dow, Nasdaq, and S&P remained weak on political uncertainty and mixed earnings reports.

 

Among the big names making news in the market today were AIG, Hermes, Fannie Mae, Facebook, Fitbit, Wells Fargo, and Credit Suisse.

 

GATA Posts:

 

 

Russian bank aims to double its gold trade in three years

Fosun in exclusive talks to buy stake in Russian gold miner Polyus, Reuters says

 

The Statistics:

As of close of business: 11/2/2016

Gold Warehouse Stocks:

10,573,115.127

-7,930.727

Silver Warehouse Stocks:

173,544,904.496

-30,386.56

 

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$39,524m

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$5,781m

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$6,380m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$466m

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: 231.59: -0.04 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,148.60: -87.30 change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) third quarter results, Comstock’s (LODE) board change, Kirkland’s (KGI.TO) third quarter results, Randgold’s (GOLD) third quarter results, B2Gold’s (BTG) third quarter results, Timmins Gold’s (TGD) third quarter results, AuRico Metals’ (AMI.TO) third quarter results, Golden Mineral’s (AUMN) third quarter results, Tahoe’s (TAHO) dividend, Endeavour Silver’s (EXK) third quarter results, and Great Panther’s (GPL) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Endeavour Silver

EXK +8.41% $4.90

2.  Kinross

KGC +7.95% $4.21

3.  Royal Gold

RGLD +7.69% $74.40

 

LOSERS

1.  Randgold

GOLD -2.25% $88.00

2.  Nevsun

NSU -0.72% $2.77

3.  Goldcorp

GG -0.65% $15.24

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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.


| Digg This Article
 -- Published: Thursday, 3 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.