Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% While Stocks Bounce Back Further
| 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 EUR1074, 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.
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
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(R) Gold Shares | 754.938 | 24,272,010 | US$29,733m |
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$5,390m |
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$5,964m |
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.
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.