Gold Seeker Closing Report: Gold and Silver Jump 2% Higher While Stocks Fall Further

	Close	Gain/Loss
Gold	$1222.70	+$29.60
Silver	$14.55	+$0.25
XAU	69.97	+6.80%
HUI	154.20	+7.40%
GDM	550.29	+6.40%
JSE Gold	1155.96	+107.41
USD	95.02	-0.52
Euro	115.98	+0.75
Yen	89.21	+0.27
Oil	$70.97	-$2.20
10-Year	3.144%	-0.050
T-Bond	138.71875	+1.46875
Dow	25052.83	-2.13%
Nasdaq	7329.06	-1.25%
S&P	2728.37	-2.06%

The Metals:

Gold held near unchanged for most of the day in Asia, but it then began a steady advance in London, accelerated higher in New York, and ended near its late session high of $1226.10 with a gain of 2.48%. Silver surged to as high as $14.621 and ended with a gain of 1.75%.

Euro gold rose above EUR1054, platinum lost $2 to $820, and copper climbed 2 cents to about $2.77.

Gold and silver equities rose throughout the day and ended roughly 7% higher.

The Economy:

Trump says the Federal Reserve caused the stock market correction, but he won't fire Chair Powell CNBC

White House adviser Kudlow says Fed remains independent: CNBC Reuters

Trump calls 'loco' Federal Reserve 'too aggressive': Fox interview Reuters

U.S. inflation slows in September, weekly jobless claims rise Reuters

Tomorrow brings Import prices and Consumer sentiment.

The Markets:

Oil lost 3%, the U.S. dollar index dropped, and treasuries rose while the Dow, Nasdaq, and S&P fell markedly at times on an acceleration of yesterday's risk-off trade.

Among the big names making news in the market today were Square, Bayer, Walgreens, and Tesla.

GATA Posts:

Signs suggest China may tolerate yuan's weakening past 7 per dollar

The Statistics:

As of close of business: 10/10/2018

Global Gold ETF Holdings

[WGC Sponsored ETF's]

Note: Change in Total Tonnes from yesterday's data: SPDR added 8.829 tonnes.

COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.64: -0.90 change from yesterday's data.

Silver Trust (SLV) Total Tonnes in Trust: 10,354.73: No change from yesterday's data.

The Miners:

B2Gold's (BTG) third quarter production, Barrick's (ABX) third quarter production, Fortuna's (FSM) third quarter production and rainfall event, and Endeavour Silver's (EXK) third quarter production were among the big stories in the gold and silver mining industry making headlines today.

WINNERS

LOSER

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

- Chris Mullen, Gold Seeker Report

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