-- Published: Wednesday, 18 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1280.90 | -$4.70 |
Silver | $17.00 | -$0.04 |
XAU | 85.06 | -0.82% |
HUI | 198.07 | -0.78% |
GDM | 648.07 | -0.41% |
JSE Gold | 1311.17 | -1.16 |
USD | 93.42 | -0.09 |
Euro | 117.98 | +0.30 |
Yen | 88.61 | -0.62 |
Oil | $52.04 | +$0.16 |
10-Year | 2.335% | +0.031 |
T-Bond | 153.09375 | -0.96875 |
Dow | 23157.60 | +0.70% |
Nasdaq | 6624.22 | +0.01% |
S&P | 2561.26 | +0.07% |
The Metals:
Gold fell $8.60 to $1277.00 at about 8:15AM EST, but it then chopped back higher in New York and ended with a loss of just 0.37%. Silver slipped to as low as $16.901 and ended with a loss of 0.23%.
Euro gold fell to about €1086, platinum lost $16.50 to $916, and copper fell a couple of cents to about $3.16.
Gold and silver equities traded mostly slightly lower and ended with modest losses.
The Economy:
Fed's Beige Book still can't find inflation threat despite labor bottlenecks so severe they're shackling U.S. economy MarketWatch
Housing starts tumble in September but key single-family homes are on the rise MarketWatch
Drop in September U.S. Home Starts Reflects Slump in South Bloomberg
Tomorrow brings Initial Jobless Claims and Leading Economic Indicators.
The Markets:
Oil edged higher on persistent geopolitical concerns.
The U.S. dollar index erased early gains and ended lower as the euro rose ahead of next week’s ECB meeting.
Treasuries fell as the Dow, Nasdaq, and S&P climbed to new highs on strong earnings reports.
Among the big names making news in the market today were Anthem, Bitcoin, Ford, J.P Morgan, and IBM.
GATA Posts:
Bitcoin falls on reminder that CFTC might regulate it
Chinese buyers reported interested in Scotiabank's gold business
Charts from Incrementum's latest 'In Gold We Trust' report updated and compiled
Global warming uncovers biggest Canadian gold deposit
Silver coin proposal discussed on Mexican TV by Salinas Price
The Statistics:
As of close of business: 10/17/2017
Gold Warehouse Stocks: | 8,511,843.136 | +1,478.48 |
Silver Warehouse Stocks: | 220,377,896.049 | +5,019.80 |
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$35,108m |
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$5,687m |
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$6,283m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$460m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.87: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,023.77: No change from yesterday’s data.
The Miners:
WINNERS
1. Northern Dynasty | NAK +5.03% $2.09 |
2. Gold Standard | GSV +1.94% $1.58 |
3. DRDGOLF | DRD +1.42% $3.57 |
LOSERS
1. New Gold | NGD -3.80% $3.54 |
2. Eldorado | EGO -3.18% $2.13 |
3. Paramount | PZG -2.70% $1.27 |
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: Wednesday, 18 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower
