Gold Seeker Closing Report: Gold and Silver Fall but Miners Bounce Back to Gains
| Close | Gain/Loss |
Gold | $1188.90 | -$14.20 |
Silver | $14.39 | -$0.24 |
XAU | 65.93 | +0.67% |
HUI | 143.84 | +0.28% |
GDM | 520.67 | +0.32% |
JSE Gold | 1032.62 | -11.18 |
USD | 95.72 | +0.10 |
Euro | 114.94 | -0.31 |
Yen | 88.50 | +0.58 |
Oil | $74.29 | -$0.05 |
10-Year | 3.230% | -0.009 |
T-Bond | 136.9375 | -0.34375 |
Dow | 26486.78 | +0.15% |
Nasdaq | 7735.95 | -0.67% |
S&P | 2884.43 | -0.04% |
The Metals:
Gold fell $19.40 to $1183.70 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.269 and ended with a loss of 1.64%.
Euro gold fell to about EUR1034, platinum lost $3 to $818, and copper climbed a penny to about $2.76.
Gold and silver equities fell over 2% in the first 75 minutes of trade, but they then climbed back higher throughout the rest of the day and ended with modest gains on the day.
UK, EU play game of chicken in Brexit countdown Reuters
Third-quarter earnings from the big banks may not light a fire under stocks MarketWatch
China says it's not afraid of a trade war with the US its actions show otherwise CNBC
Tomorrow brings the NFIB small-business index and fedspeak.
The Markets:
Oil edged lower on talk of some leeway with regard to upcoming Iranian sanctions.
The U.S. dollar index saw modest gains on the continued outlook for rising rates that held the Dow, Nasdaq, and S&P lower for most of the day. The bond market was closed for Columbus Day.
Among the big names making news in the market today were Square, Microsoft, Conagra, and Google.
GATA Posts:
John D. Mueller: To bring back U.S. manufacturing, get the world to dump the dollar
South Africa's 3 largest gold miners lost $543 million altogether last year ...
New member of Mexican central bank's board wants transparency
There's gold in them Yukon hills, mineral exploration companies say
In Perth, Eric Sprott scorns gold forecasters and paper gold and silver
India considers barter for oil and currency swaps for China trade
The Statistics:
As of close of business: 10/5/2018
Gold Warehouse Stocks: | 8,160,889.574 | - |
Silver Warehouse Stocks: | 288,373,698.220 | +172,212.511 |
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 | 730.165 | 23,475,549 | US$27,852m |
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$5,266m |
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$5,815m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$426m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.472 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.82: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,372.26: No change from yesterday's data.
Randgold's (GOLD) Malian government approval and Acacia's (ACA.L) third-quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Silvercorp | SVM +4.78% $2.41 |
2. Harmony | HMY +3.59% $1.73 |
3. Gold Standard | GSV +3.43% $1.81 |
LOSERS
1. EMX Royalty | EMX -5.26% $1.26 |
2. DRDGOLD | DRD -3.61% $2.40 |
3. NovaGold | NG -1.50% $3.94 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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