-- Published: Monday, 2 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1271.40 | -$8.60 |
Silver | $16.59 | -$0.06 |
XAU | 85.03 | +0.44% |
HUI | 196.83 | +0.17% |
GDM | 639.51 | +0.21% |
JSE Gold | 1311.78 | -12.86 |
USD | 93.62 | +0.56 |
Euro | 117.37 | -0.83 |
Yen | 88.79 | -0.18 |
Oil | $50.58 | -$1.09 |
10-Year | 2.341% | +0.009 |
T-Bond | 152.50 | -0.3125 |
Dow | 22557.60 | +0.68% |
Nasdaq | 6516.72 | +0.32% |
S&P | 2529.12 | +0.39% |
The Metals:
Gold dipped $8.80 to $1271.20 in Asia before it bounced back to $1277.10 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.67%. Silver slipped to as low as $16.549 and ended with a loss of 0.36%.
Euro gold remained at about €1083, platinum gained $3.50 to $911, and copper stayed at $2.95.
Gold and silver equities traded mostly slightly higher and ended with modest gains.
The Economy:
Fed's rate hikes causing low inflation, Kashkari says Reuters
US construction spending rebounded 0.5 percent in August ABC News
Manufacturing in U.S. Expands at Fastest Pace in 13 Years Bloomberg
US manufacturing activity picks up in September - IHS Markit London South East
There are no major economic reports due out tomorrow.
The Markets:
Oil dropped over 2% as the U.S. dollar index rose and treasuries edged lower on strong manufacturing data that sent the Dow, Nasdaq, and S&P higher on the first day of the fourth quarter.
Among the big names making news in the market today were Equifax, Roku, Goldman Sachs, Macy's, J.C. Penney, and Nordstrom.
GATA Posts:
China says its in-ground gold reserves stand at 12,100 tonnes
Incredible images from 1890s capture life for prospectors chasing Yukon gold
Ted Butler: Why won't anyone dispute silver market manipulation?
Russia's rush for gold sees record reserves for Putin era
Cryptocurrency flash crash draws scrutiny from watchdog
Great speakers join GATA at New Orleans conference Oct. 25-28
The Statistics:
As of close of business: 9/29/2017
Gold Warehouse Stocks: | 8,761,405.917 | +23,630.25 |
Silver Warehouse Stocks: | 218,121,336.056 | -1,674,579.86 |
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 | 864.647 | 27,799,256 | US$35,395m |
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$5,659m |
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$6,254m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$457m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.56: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.
The Miners:
Richmont’s (RIC) assets sale and acquisition of shares in Monarques, Imperial’s (III.TO) financing plan, and Silvercorp’s (SVM) AGM results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +3.24% $1.91 |
2. Turquoise | TRQ +3.23% $3.20 |
3. McEwen | MUX -3.08% $2.01 |
LOSERS
1. Northern Dynasty | NAK -3.33% $1.74 |
2. Avino | ASM -3.23% $1.50 |
3. Tahoe Resources | TAHO -2.47% $5.14 |
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, 2 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall But Miners Gain
