-- Published: Friday, 20 October 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1280.00 | -$8.00 | -1.81% |
Silver | $17.03 | -$0.20 | -2.07% |
XAU | 85.01 | -0.60% | -2.61% |
HUI | 197.53 | -0.77% | -2.58% |
GDM | 644.91 | -0.86% | -2.59% |
JSE Gold | 1332.00 | +2.56 | +2.80% |
USD | 93.73 | +0.52 | +0.69% |
Euro | 117.69 | -0.78 | -0.42% |
Yen | 88.18 | -0.69 | -1.34% |
Oil | $51.47 | +$0.18 | +0.04% |
10-Year | 2.383% | +0.061 | +4.52% |
Bond | 152.09375 | -1.4375 | -1.24% |
Dow | 23328.63 | +0.71% | +2.00% |
Nasdaq | 6629.05 | +0.36% | +0.35% |
S&P | 2575.21 | +0.51% | +0.86% |
The Metals:
Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1278.00 with a loss of 0.62%. Silver slipped to as low as $16.946 and ended with a loss of 1.16%.
Euro gold fell to about €1087, platinum remained at $921, ad copper stayed at $3.15.
Gold and silver equities fell almost 1% by late morning and remained near that level for the rest of the day.
The Economy:
U.S. ends fiscal 2017 with $666 billion budget deficit MarketWatch
U.S. existing home sales unexpectedly rebound in September Reuters
Senate Republicans push through budget proposal, clearing path to tax overhaul MarketWatch
Tonight at 7:30PM EST:
“Federal Reserve Chair Janet Yellen to deliver a lecture on "Monetary Policy Since the Financial Crisis" at the NEC Herbert Stein Memorial Lecture and Annual Members Dinner in Washington, with audience Q&A.”
Next week’s economic highlights include Durable Goods Orders, the FHFA House Price Index, and New Home Sales on Wednesday, Initial Jobless Claims, International Trade in Goods, and Pending Home Sales Index on Thursday, and GDP and Consumer Sentiment on Friday.
The Markets:
Oil edged higher on lingering geopolitical concerns.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new highs after the Senate approved a budget proposal for tax cuts.
Among the big names making news in the market Friday were Honeywell, Noble Group, XPO Logistics, P&G, McDonald's, and GE.
GATA Posts:
Barclays sued by fund for $850 million in metals market abuse
The Statistics:
Activity from: 10/19/2017
Gold Warehouse Stocks: | 8,511,328.736 | -514.40 |
Silver Warehouse Stocks: | 221,875,753.221 | +1,547,898.212 |
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$35,134m |
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$5,689m |
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$6,278m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 230.37: +1.50 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,994.39: -29.38 change from yesterday’s data.
The Miners:
Rio Tinto’s (RIO) talks with Indonesia and Acacia’s (ACA.L) ability to make a $300 million payment to the Tanzanian government were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. New Gold | NGD +2.24% $3.65 |
2. Wheaton | WPM +1.26% $20.91 |
3. Northern Dynasty | NAK +0.99% $2.05 |
LOSERS
1. Alexco | AXU -5.04% $1.32 |
2. B2GOLD | BTG -4.49% $2.55 |
3. Paramount | PZG -3.82% $1.26 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 20 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% on the Week
