-- Published: Wednesday, 31 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1216.90 | -$6.70 |
Silver | $14.28 | -$0.20 |
XAU | 64.28 | -1.77% |
HUI | 142.82 | -1.66% |
GDM | 525.44 | -1.36% |
JSE Gold | 1163.80 | -6.70 |
USD | 97.01 | +0.02 |
Euro | 113.25 | -0.20 |
Yen | 88.62 | -0.03 |
Oil | $65.31 | -$0.87 |
10-Year | 3.147% | +0.028 |
T-Bond | 138.25 | -0.65625 |
Dow | 25115.76 | +0.97% |
Nasdaq | 7305.90 | +2.01% |
S&P | 2711.74 | +1.09% |
The Metals:
Gold fell $11.50 to $1212.10 by midmorning in New York before it bounced back higher at times, but it still ended with a loss of 0.55%. Silver slipped to as low as $14.249 and ended with a loss of 1.38%.
Euro gold fell to about €1074, platinum remained at $835, and copper stayed at $2.67.
Gold and silver equities dropped over 2% in the first 45 minutes of trade before they chopped back higher at times, but they still ended about 1.5% lower on the day.
The Economy:
Fed sets new rules to ease regulations on smaller banks CNBC
Yellen says rising US deficit unsustainable: 'If I had a magic wand, I would raise taxes' CNBC
U.S. mortgage applications slip, rates mixed: MBA Reuters
Chicago PMI falls in October to six-month low MarketWatch
US: Employment cost index rises 0.8% in Q3 to beat market estimate of 0.7% fxstreet
Private payrolls rise in October; wages surge in third quarter Reuters
Tomorrow brings Weekly jobless claims, Productivity, Unit labor costs, Markit manufacturing PMI, ISM manufacturing, and Construction spending.
The Markets:
Oil fell over 1% after the Energy Information Administration reported that crude inventories rose 3.2 million barrels, gasoline inventories fell 3.2 million barrels, and distillates fell 4.1 million barrels.
The U.S. dollar index waffled near unchanged and ended slightly higher ahead of the closing days of a heavy economic week.
Treasuries fell as the Dow, Nasdaq, and S&P rose as much as 2% on strong earnings reports.
Among the big names making news in the market today were Sprint, Hess, Facebook, and GM.
GATA Posts:
Dollars declined as India plans to pay in rubles for Russian air-defense system
GATA board member Steer explains how futures control monetary metals prices
The Statistics:
As of close of business: 10/30/2018
Gold Warehouse Stocks: | 8,066,489.712 | -20,178.15 |
Silver Warehouse Stocks: | 290,258,453.115 | +1,269,717.686 |
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 | 754.938 | 24,272,010 | US$29,733m |
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$5,390m |
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$5,964m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$436m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,217.39: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) permitting update, Centerra Gold’s (CG.TO) third quarter results, Silver Bull’s (SVBL) updated resource, Endeavour Silver’s (EXK) third quarter results, and Golden Minerals’ (AUMN) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. EMX Royalty | EMX +5.51% $1.34 |
2. Turquoise | TRQ $4.27% $1.71 |
3. Paramount | PZG +2.88% $1.07 |
LOSERS
1. Gold Resource | GORO-17.52% $4.33 |
2. Harmony | HMY -8.00% $1.84 |
3. McEwen | MUX -7.98% $1.96 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 31 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% While Stocks Bounce Back Further
