Gold Seeker Closing Report: Gold and Silver Dip with Dollar Before Election Day
| Close | Gain/Loss |
Gold | $1230.50 | -$2.60 |
Silver | $14.64 | -$0.11 |
XAU | 67.14 | -0.07% |
HUI | 149.83 | +0.26% |
GDM | 544.17 | -0.37% |
JSE Gold | 1162.02 | +28.85 |
USD | 96.34 | -0.11 |
Euro | 114.11 | +0.16 |
Yen | 88.41 | UNCH |
Oil | $63.10 | -$0.04 |
10-Year | 3.201% | -0.014 |
T-Bond | 137.50 | +0.34375 |
Dow | 25461.70 | +0.76% |
Nasdaq | 7328.85 | -0.38% |
S&P | 2738.31 | +0.56% |
The Metals:
Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back higher in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.21%. Silver chopped between $14.766 and $14.599 and ended with a loss of 0.75%.
Euro gold fell under EUR1079, platinum gained $0.50 to $860.50, and copper dropped 6 cents to about $2.76.
Gold and silver equities rose roughly 1% at the open before they fell to see slight losses by midmorning, but they then rallied back higher in the last 90 minutes of trade and ended mixed.
Hot economy is cold comfort for Republicans in tight U.S. races Reuters
U.S. economy still running strong in October, ISM services survey shows MarketWatch
The Markets:
Oil reversed early gains and settled slightly lower on easing concerns about Iran.
The U.S. dollar index fell and treasuries rose on election uncertainty that sent the Dow, Nasdaq, and S&P in mixed directions on varied company news.
Among the big names making news in the market today were Apple, JP Morgan, Chevron, Goldman Sachs, and Lowe's.
GATA Posts:
Venezuela seeks to repatriate $550 million of gold from Britain, sources tell Reuters
Futures markets spoofers getting caught in record numbers
The Statistics:
As of close of business: 10/2/2018
Gold Warehouse Stocks: | 8,013,936.429 | -52,553.283 |
Silver Warehouse Stocks: | 290,905,381.688 | +352,518.523 |
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(R) Gold Shares | 759.057 | 24,404,444 | US$30,061m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,465m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,038m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$442m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.765 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.52: -0.06 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,180.82: -4.43 change from yesterday's data.
Alamos Gold's (AGI) drill results, New Gold's (NGD) new CFO, Gold Fields' (GFI) striking workers, Barrick's (ABX) talks with Newmont (NEM) over possibly combining their Nevada gold mining operations, and AngloGold's (AU) possible mine sale were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +5.88% $2.70 |
2. AngloGold | AU +4.61% $10.43 |
3. Gold Fields | GFI +3.65% $2.84 |
LOSERS
1. DRDGOLD | DRD -5.28% $2.33 |
2. Turquoise | TRQ -2.56% $1.90 |
3. Agnico-Eagle | AEM -2.52% $36.32 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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