-- Published: Monday, 23 October 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1282.30 | +$2.30 |
Silver | $17.09 | +$0.06 |
XAU | 84.17 | -0.98% |
HUI | 194.68 | -1.44% |
GDM | 641.81 | -0.49% |
JSE Gold | 1333.15 | +1.15 |
USD | 93.84 | +0.11 |
Euro | 117.49 | -0.20 |
Yen | 88.29 | +0.11 |
Oil | $51.90 | +$0.06 |
10-Year | 2.372% | -0.011 |
T-Bond | 152.4375 | +0.25 |
Dow | 23273.96 | -0.23% |
Nasdaq | 6586.83 | -0.64% |
S&P | 2564.98 | -0.40% |
The Metals:
Gold fell $7.50 to $1272.50 by a little after 9AM EST before it jumped up to $1282.50 in early afternoon action and then drifted back lower, but it then popped back higher again into the close and ended near its last-minute high of $1283.30 with a gain of 0.18%. Silver rose to as high as $17.105 and ended with a gain of 0.35%.
Euro gold rose to about €1091, platinum gained $2 to $923, and copper climbed 2 cents to about $2.17.
Gold and silver equities fell roughly 1% by late morning and remained near that level for the rest of the day.
The Economy:
Trump's shiny tax-cut plan has a $1.5 trillion problem CNBC
Chicago Fed's national activity index claws back to positive in September with a factory boost MarketWatch
Trump says tax plan will not change 401(k) plans: tweet Reuters
There are no major economic reports due out tomorrow.
The Markets:
Oil ended with a small gain on news of supply disruptions in Iraq.
The U.S. dollar index rose on speculation over Trump’s pick for the next fed chair.
Treasuries edged higher as the Dow, Nasdaq, and S&P mostly fell on mixed earning reports.
Among the big names making news in the market today were GE, Merrill Lynch, Cisco and BroadSoft, Halliburton, T-Mobile, State Street, HSBC, Arconic, and Hasbro.
GATA Posts:
Ted Butler: Fear of silver shorting spurs Scotia to sell its metals division
Ron Paul: Trump's picks for Fed chairman are just more of the same
China's trillion-dollar plan for world domination splits Australian politicians
The Statistics:
As of close of business: 10/20/2017
Gold Warehouse Stocks: | 8,511,328.736 | - |
Silver Warehouse Stocks: | 222,377,652.326 | +501,899.105 |
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$34,960m |
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$5,658m |
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$6,260m |
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: 231.56: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,994.39: No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) comments on the Acacia / Barrick-Tanzania settlement, Freeport’s (FCX) unrest in Indonesia, Eldorado’s (EGO) operations update, Gold Fields’ (GFI) operating update, and Randgold’s (GOLD) thoughts on Côte d'Ivoire were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Fortuna | FSM +5.73% $4.61 |
2. AngloGold | AU +2.00% $9.69 |
3. Paramount | PZG +1.60% $1.28 |
LOSERS
1. Eldorado | EGO -28.57% $1.55 |
2. Tahoe | TAHO -4.21% $4.78 |
3. Northern Dynasty | NAK -3.90% $1.97 |
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, 23 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Jump Higher in Late Trade
