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Gold Seeker Closing Report: Gold and Silver Gain Over 1% Again
By: Chris Mullen, Gold Seeker Report

 -- Published: Tuesday, 5 September 2017 | Print  | Disqus 



















JSE Gold































The Metals:


Gold gained $13.40 to as high as $1339.10 in holiday-thinned trade on Monday before it dropped back to $1326.60 in London today, but it then rallied back higher in New York and ended near its late session high of $1344.20 with a gain of 1.15% from last Friday’s close.  Silver climbed to as high as $18.001 and ended with a gain of 1.07%. 


Euro gold rose to about €1124, platinum remained at $1005, and copper climbed a couple of cents to about $3.12.


Gold and silver equities chopped steadily higher throughout most of trade and ended with about 2% gains.


The Economy:


Fed's rate hikes may be doing real harm to U.S. economy: Kashkari  Reuters

U.S. factory orders post biggest drop in nearly three years  Reuters

'Congress, get ready to do your job': Trump fires opening shot on DACA  Yahoo

Fed's Brainard Says Caution Warranted on Further Tightening  Bloomberg


Tomorrow brings International Trade, the ISM non-manufacturing report, and the fed’s Beige Book.


The Markets:


Oil gained almost 3% on resuming refinery operations.


The U.S. dollar index dropped and treasuries rose as the Dow, Nasdaq, and S&P fell roughly 1% on geopolitical uncertainty.


Among the big names making news in the market today were Tyson Foods, Lego, Bitcoin, and United Technologies.


GATA Posts:



Fed governor urges central bank to pretend there's no inflation

China's central bank declares initial coin offerings illegal

Mobius foresees cryptocurrency crackdown sparking a rush to gold

Disarming of WWII bomb relieves downtown Frankfurt and Bundesbank

GATA chairman describes gold price suppression and our work to expose it

Marcos' widow claims massive gold deposits in 177 banks in 72 countries

China sees new world order with its own oil benchmark backed by gold


The Statistics:

As of close of business: 9/1/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Johannesburg Securities Exchange (JSE)

New Gold Debentures




Note: Change in Total Tonnes from yesterday’s data: SPDR added 14.78 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.58: +1.32 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,304.24: -14.7 change from yesterday’s data.


The Miners:


Agnico Eagle’s (AEM) exploration results, Buenaventura’s (BVN) completed ramp up process, Paramount’s (PZG) filed mine plan, Silver Bear’s (SBR.TO) convertible promissory note conversion, and Silvercorp’s (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.



1.  Paramount

PZG +10.76% $1.75


DRD +9.55% $3.90

3.  Silvercorp

SVM +8.28% $3.40



1.  Taseko

TGB -4.46% $1.93

2.  Freeport

FCX -1.86% $14.79

3.  Nevsun

NSU -1.79% $2.20

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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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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.

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