-- 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% |
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:
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
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-- Published: Thursday, 3 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed Before Jobs Day
