-- Published: Monday, 18 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1308.40 | -$12.60 |
Silver | $17.21 | -$0.39 |
XAU | 86.84 | -1.75% |
HUI | 202.53 | -2.14% |
GDM | 659.02 | -1.81% |
JSE Gold | 1348.94 | -42.89 |
USD | 92.03 | +0.20 |
Euro | 119.51 | -0.02 |
Yen | 89.77 | -0.43 |
Oil | $49.91 | +$0.02 |
10-Year | 2.228% | +0.022 |
T-Bond | 155.625 | -0.6875 |
Dow | 22331.35 | +0.28% |
Nasdaq | 6454.64 | +0.10% |
S&P | 2503.87 | +0.15% |
The Metals:
Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1304.80 with a loss of 0.95%. Silver slipped to as low as $17.062 and ended with a loss of 2.22%.
Euro gold fell to about €1095, platinum lost $9.50 to $956.50, and copper climbed a couple of cents to about $2.96.
Gold and silver equities fell about 2% by midmorning and remained near that level into the close.
The Economy:
Bond buying an economic boon, inflationary puzzle for Fed Reuters
Fed to take historic leap into the unknown MarketWatch
Builder confidence slips in September on worries about labor, materials availability MarketWatch
Tomorrow brings Housing Starts, the Current Account balance, and Import and Export Prices.
The Markets:
Oil traded mostly lower but ended with a small gain on uncertainty about the full implications of past and future hurricanes and related storms.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new highs on relative geopolitical calm.
Among the big names making news in the market today were Caterpillar, Equifax, Cisco, Northrop Grumman and Orbital, Nvidia, and Intel.
GATA Posts:
China aims to kill bitcoin and track all financial transactions
India may exclude gold from future trade agreements
Global debt may be underestimated by $13 trillion, BIS warns
You can't lose if you join GATA at the New Orleans conference
India's gold imports jump three-fold from April to August
The Statistics:
As of close of business: 9/15/2017
Gold Warehouse Stocks: | 8,696,115.287 | - |
Silver Warehouse Stocks: | 218,778,861.866 | +532,489.747 |
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 | 838.640 | 26,963,102 | US$35,371m |
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$5,807m |
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$6,422m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$469m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 220.92: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: No change from yesterday’s data.
The Miners:
Kinross Gold’s (KGC) expansion of its Tasiast mine, SEMAFO’s (SMF.TO) production guidance, and Bear Creek’s (BCM.V) arbitration proceedings were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +19.01% $1.69 |
2. Alio Gold | ALO +10.40% $4.67 |
3. Nevsun | NSU +2.31% $2.21 |
LOSERS
1. Americas Silver | USAS -7.98% $4.15 |
2. Harmony | HMY -7.01% $1.99 |
3. Pretivm | PVG -6.57% $8.10 |
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, 18 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% and 2%
