-- Published: Friday, 27 October 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1273.10 | +$5.80 | -0.54% |
Silver | $16.84 | +$0.06 | -1.12% |
XAU | 81.57 | +0.59% | -4.05% |
HUI | 187.05 | +1.00% | -5.31% |
GDM | 624.75 | +0.53% | -3.13% |
JSE Gold | 1372.42 | -30.68 | +3.03% |
USD | 94.88 | +0.20 | +1.23% |
Euro | 116.00 | -0.46 | -1.44% |
Yen | 88.00 | +0.17 | -0.20% |
Oil | $53.90 | +$1.26 | +4.72% |
10-Year | 2.419% | -0.043 | +1.51% |
Bond | 151.34375 | +0.625 | -0.49% |
Dow | 23434.49 | +0.14% | +0.45% |
Nasdaq | 6701.26 | +2.20% | +1.09% |
S&P | 2581.07 | +0.81% | +0.23% |
The Metals:
Gold dipped $3.40 to $1263.90 in London, but it then rose to as high as $1273.70 in New York and ended with a gain of 0.46%. Silver climbed to as high as $16.863 and ended with a gain of 0.36%.
Euro gold rose to about €1098, platinum lost $2 to $913, and copper dropped 7 cents to about $3.10.
Gold and silver equities traded mostly slightly higher and with roughly 1% gains on the day.
The Economy:
Trump to announce Fed pick next week, White House's Sanders says MarketWatch
Trump Leans Toward Jay Powell As Next Fed Chairman Bloomberg
Consumer sentiment in October at a 13-year high even as final reading reduced MarketWatch
U.S. economy grows 3.0 percent in third quarter on inventories, trade Reuters
Next week’s economic highlights include Personal Income and Outlays on Monday, the Employment Cost Index, S&P Corelogic Case-Shiller HPI, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, PMI Manufacturing, ISM Manufacturing, Construction Spending, and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims and Productivity and Costs on Thursday, and October’s job data, PMI Services, Factory Orders and ISM Non- Manufacturing on Friday.
The Markets:
Oil rose over 2% more on continued confidence that that OPEC may extend its supply-restraint deal.
The U.S. dollar index saw decent gains as the euro fell again on the view that interest rates will rise faster in the US than in Europe.
Treasuries edged higher after Catalonia's parliament declared independence from Spain.
The Dow, Nasdaq, and S&P flirted with new highs again on strong earnings reports.
Among the big names making news in the market Friday were J.C. Penney, Barclays, Amazon, Google, Microsoft, Intel, Chevron, CVS and Aetna, and Exxon.
GATA Posts:
Company adds 'Blockchain' to its name and its shares surge nearly 400%
The Statistics:
Activity from: 10/26/2017
Gold Warehouse Stocks: | 8,447,588.889 | - |
Silver Warehouse Stocks: | 224,618,155.476 | -2,176,674.08 |
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 | 851.950 | 27,391,052 | US$34,679m |
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$5,647m |
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$6,240m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$456m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.182 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 233.15: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,962.09: No change from yesterday’s data.
The Miners:
WINNERS
1. Nevsun | NSU +13.73% $2.32 |
2. Northern Dynasty | NAK +5.85% $1.99 |
3. Alio Gold | ALO +4.64% $4.06 |
LOSERS
1. Taseko | TGB -6.79% $2.06 |
2. Freeport | FCX -3.81% $14.13 |
3. Almaden | AAU -3.70% $1.01 |
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, 27 October 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
