-- Published: Tuesday, 17 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1285.60 | -$8.90 |
Silver | $17.04 | -$0.18 |
XAU | 85.76 | -0.44% |
HUI | 199.63 | -0.04% |
GDM | 651.10 | -0.06% |
JSE Gold | 1312.33 | -23.85 |
USD | 93.51 | +0.21 |
Euro | 117.68 | -0.53 |
Yen | 89.23 | -0.16 |
Oil | $51.88 | +$0.01 |
10-Year | 2.304% | +0.029 |
T-Bond | 154.03125 | +0.3125 |
Dow | 22997.44 | +0.18% |
Nasdaq | 6623.66 | -0.01% |
S&P | 2559.36 | +0.07% |
The Metals:
Gold fell $12.70 to $1281.80 in late morning New York trade before it bounced back higher in the next few hours, but it still ended with a loss of 0.69%. Silver slipped to as low as $16.969 and ended with a loss of 1.05%.
Euro gold fell to about €1092, platinum gained $4.50 to $932.50, and copper fell 4 cents to about $3.18.
Gold and silver equities fell over 1% by midmorning, but they then rallied back higher into the close and ended only slightly lower on the day.
The Economy:
Homebuilder confidence jumps to 6-month high in October CNBC
Powell likely next Fed chief, though Yellen best suited: economists Reuters
U.S. Manufacturing Output Rises as Impact From Hurricanes Fades Bloomberg
U.S. import prices surge 0.7% in September MarketWatch
Tomorrow brings Housing Starts and the fed’s Beige Book.
The Markets:
Oil ended a penny higher in mixed trade on easing geopolitical tensions.
The U.S. dollar index rose on decent economic data and talk about possible changes in leadership at the fed.
Treasuries traded mixed as the Dow, Nasdaq, and S&P waffled near new highs on policy uncertainty.
Among the big names making news in the market today were Google, Airbus, Gorman, Harley, Netflix, Goldman Sachs, and Johnson & Johnson.
GATA Posts:
Leonid Bershidsky: Authoritarian cryptocurrencies are coming
Gold options trading begins in India
Time to sell? Goldman Sachs says gold is better than bitcoin as money
The Statistics:
As of close of business: 10/16/2017
Gold Warehouse Stocks: | 8,510,364.656 | -1,286.00 |
Silver Warehouse Stocks: | 220,372,876.249 | +927,016.648 |
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$35,233m |
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$5,696m |
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$6,306m |
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: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.87: +0.18 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,023.77: -108.67 change from yesterday’s data.
The Miners:
McEwen’s (MUX) updated Preliminary Economic Assessment, Turquoise Hill’s (TRQ) third quarter production, and First Majestic’s (AG) third quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +3.60% $1.31 |
2. Yamana | AUY +3.04% $2.71 |
3. Seabridge | SA +2.36% $13.00 |
LOSERS
1. IAMGOLD | IAG -5.51% $5.66 |
2. Nevsun | NSU -3.67% $2.36 |
3. Almaden | AAU -3.42% $1.13 |
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, 17 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% But Miners Barely Budge
