-- Published: Tuesday, 10 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1288.30 | +$3.50 |
Silver | $17.11 | +$0.15 |
XAU | 86.74 | -1.05% |
HUI | 202.04 | -1.25% |
GDM | 655.92 | -0.39% |
JSE Gold | 1353.17 | -9.83 |
USD | 93.23 | -0.42 |
Euro | 118.16 | +0.68 |
Yen | 88.97 | +0.11 |
Oil | $50.92 | +$1.34 |
10-Year | 2.349% | -0.010 |
T-Bond | 152.40625 | +0.3125 |
Dow | 22830.68 | +0.31% |
Nasdaq | 6587.25 | +0.11% |
S&P | 2550.64 | +0.23% |
The Metals:
Gold gained $9.40 to $1294.20 in late morning New York trade before it fell back off into the close, but it still ended with a gain of 0.27%. Silver rose to as high as $17.245 and ended with a gain of 0.88%.
Euro gold fell to about €1090, platinum gained $15 to $930, and copper climbed 3 cents to about $3.05.
Gold and silver equities saw slight gains at the open, but they then drifted back lower for most of the rest of trade and ended with about 1% losses on the day.
The Economy:
How Bonds Will Trade Trump's Fed Pick Based on Volcker, Bernanke Bloomberg
IMF lifts global forecast but warns of risks MarketWatch
Small-business sentiment sours as Washington dysfunction drags on MarketWatch
Tomorrow brings FOMC Minutes.
The Markets:
Oil rose almost 3% after “Saudi Arabia said Monday that it would slash exports by 7% in November.”
The U.S. dollar index fell and treasuries climbed higher on geopolitical tensions over North Korea and Spain that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were Alibaba and Amazon, Procter & Gamble, Nvidia, Express Scripts, Tesla, Miramax, Equifax, and Yahoo.
GATA Posts:
Western Australia's Liberal Party to block gold royalty increase
Bloomberg columnist surprised to discover that gold is really a good hedge
The Statistics:
As of close of business: 10/9/2017
Gold Warehouse Stocks: | 8,771,375.170 | - |
Silver Warehouse Stocks: | 220,100,445.301 | +538,334.84 |
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 | 858.450 | 27,600,037 | US$35,639m |
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$5,736m |
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$6,341m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$462m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.432 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.69: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,167.69: +38.18 change from yesterday’s data.
The Miners:
McEwen’s (MUX) permitting process, Endeavour Silver’s (EXK) third quarter production, and Fortuna’s (FSM) CEO share purchases were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tahoe Resources | TAHO +2.87% $5.37 |
2. Taseko | TGB +2.86% $2.34 |
3. Nevsun | NSU +1.73% $2.35 |
LOSERS
1. Endeavour Silver | EXK -5.19% $2.56 |
2. Coeur | CDE -5.14% $9.04 |
3. Alio Gold | ALO -4.72% $4.34 |
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: Tuesday, 10 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain but Miners Fall
