-- Published: Tuesday, 5 September 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1341.00 | +$15.30 |
Silver | $17.89 | +$0.19 |
XAU | 92.41 | +2.06% |
HUI | 217.78 | +2.21% |
GDM | 702.56 | +1.97% |
JSE Gold | 1445.96 | -35.17 |
USD | 92.29 | -0.53 |
Euro | 119.18 | +0.54 |
Yen | 92.01 | +1.25 |
Oil | $48.66 | +$1.37 |
10-Year | 2.069% | -0.091 |
T-Bond | 158.375 | +1.46875 |
Dow | 21753.31 | -1.07% |
Nasdaq | 6375.57 | -0.93% |
S&P | 2457.85 | -0.76% |
The Metals:
Gold gained $13.40 to as high as $1339.10 in holiday-thinned trade on Monday before it dropped back to $1326.60 in London today, but it then rallied back higher in New York and ended near its late session high of $1344.20 with a gain of 1.15% from last Friday’s close. Silver climbed to as high as $18.001 and ended with a gain of 1.07%.
Euro gold rose to about €1124, platinum remained at $1005, and copper climbed a couple of cents to about $3.12.
Gold and silver equities chopped steadily higher throughout most of trade and ended with about 2% gains.
The Economy:
Fed's rate hikes may be doing real harm to U.S. economy: Kashkari Reuters
U.S. factory orders post biggest drop in nearly three years Reuters
'Congress, get ready to do your job': Trump fires opening shot on DACA Yahoo
Fed's Brainard Says Caution Warranted on Further Tightening Bloomberg
Tomorrow brings International Trade, the ISM non-manufacturing report, and the fed’s Beige Book.
The Markets:
Oil gained almost 3% on resuming refinery operations.
The U.S. dollar index dropped and treasuries rose as the Dow, Nasdaq, and S&P fell roughly 1% on geopolitical uncertainty.
Among the big names making news in the market today were Tyson Foods, Lego, Bitcoin, and United Technologies.
GATA Posts:
Fed governor urges central bank to pretend there's no inflation
China's central bank declares initial coin offerings illegal
Mobius foresees cryptocurrency crackdown sparking a rush to gold
Disarming of WWII bomb relieves downtown Frankfurt and Bundesbank
GATA chairman describes gold price suppression and our work to expose it
Marcos' widow claims massive gold deposits in 177 banks in 72 countries
China sees new world order with its own oil benchmark backed by gold
The Statistics:
As of close of business: 9/1/2017
Gold Warehouse Stocks: | 8,690,810.500 | -2,829.20 |
Silver Warehouse Stocks: | 216,612,283.217 | +108,937.30 |
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 | 831.212 | 26,724,309 | US$35,679m |
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$5,929m |
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$6,560m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$481m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 33.35 | 1,072,201 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 14.78 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.58: +1.32 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,304.24: -14.7 change from yesterday’s data.
The Miners:
Agnico Eagle’s (AEM) exploration results, Buenaventura’s (BVN) completed ramp up process, Paramount’s (PZG) filed mine plan, Silver Bear’s (SBR.TO) convertible promissory note conversion, and Silvercorp’s (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +10.76% $1.75 |
2. DRDGOLD | DRD +9.55% $3.90 |
3. Silvercorp | SVM +8.28% $3.40 |
LOSERS
1. Taseko | TGB -4.46% $1.93 |
2. Freeport | FCX -1.86% $14.79 |
3. Nevsun | NSU -1.79% $2.20 |
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: Tuesday, 5 September 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% Again
