-- Published: Monday, 16 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1294.50 | -$9.10 |
Silver | $17.22 | -$0.17 |
XAU | 86.14 | -1.31% |
HUI | 199.71 | -1.51% |
GDM | 651.44 | -1.60% |
JSE Gold | 1336.18 | +40.50 |
USD | 93.30 | +0.21 |
Euro | 118.21 | +0.02 |
Yen | 89.39 | +0.01 |
Oil | $51.87 | +$0.42 |
10-Year | 2.275% | -0.005 |
T-Bond | 153.90625 | -0.09375 |
Dow | 22956.96 | +0.37% |
Nasdaq | 6624.00 | +0.28% |
S&P | 2557.64 | +0.18% |
The Metals:
Gold gained $2.40 to $1306 in early New York trade, but it then fell back off into the close and ended near its late session low of $1291.80 with a loss of 0.7%. Silver slipped to as low as $17.137 and ended with a loss of 0.98%.
Euro gold fell to about €1098, platinum lost $16.50 to $928, and copper climbed 10 cents to about $3.22.
Gold and silver equities saw slight gains at the open, but they then fell back off for most of the rest of trade and ended with over 1% losses on the day.
The Economy:
As the quartet breaks up, central banking leadership flux looms Reuters
Roubini: Global economy appears to be in a sweet spot MarketWatch
Empire State index jumps to three-year high in October MarketWatch
Credit card data shows delinquencies rose in September Reuters
Tomorrow brings Import and Export Prices, Industrial Production, the Housing Market Index, and Treasury International Capital.
The Markets:
Oil rose almost 1% on renewed tensions in the Middle East.
The U.S. dollar index closed higher and treasuries edged lower on decent economic data that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Sears, T-Mobile, Sprint, Nordstrom, Colony Capital, and Goldman Sachs.
GATA Posts:
China proposes to buy 5 percent of Saudi Aramco directly, sources tell Reuters
Russia's 'cryptorubles' won't be very crypto at all
GATA Chairman Murphy interviewed by GoldSeek Radio
The Statistics:
As of close of business: 10/13/2017
Gold Warehouse Stocks: | 8,511,650.656 | - |
Silver Warehouse Stocks: | 219,445,859.601 | -221,510.34 |
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 | 853.132 | 27,429,045 | US$35,742m |
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$5,789m |
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$6,398m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | awaited | awaited | US$awaited |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.318 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, 132.44: No change from yesterday’s data.
The Miners:
Randgold’s (GOLD) production target, Yamana’s (AUY) preliminary operational results, Gold Resource’s (GORO) preliminary production results, Avino’s (ASM) production results, Excellon’s (EXN.TO) production results, and Fortuna’s (FSM) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +3.53% $15.27 |
2. Nevsun | NSU +2.08% $2.45 |
3. Buenaventura | BVN +1.93% $14.78 |
LOSERS
1. Alexco | AXU -5.41% $1.40 |
2. Gold Standard | GSV -5.26% $1.53 |
3. Seabridge | SA -5.22% $12.70 |
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, 16 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Back Off in Late Trade
