Gold Seeker Closing Report: Gold Dips While Silver Gains
| Close | Gain/Loss |
Gold | $1223.60 | -$5.50 |
Silver | $14.48 | +$0.03 |
XAU | 65.44 | +1.14% |
HUI | 145.23 | +0.84% |
GDM | 532.62 | +0.49% |
JSE Gold | 1170.50 | +4.49 |
USD | 96.99 | +0.38 |
Euro | 113.45 | -0.40 |
Yen | 88.65 | -0.41 |
Oil | $66.18 | -$0.86 |
10-Year | 3.119% | +0.031 |
T-Bond | 138.84375 | -0.50 |
Dow | 24874.64 | +1.77% |
Nasdaq | 7161.65 | +1.58% |
S&P | 2682.63 | +1.57% |
The Metals:
Gold dropped $9.10 to $1220.00 in London before it chopped back higher in early New York trade, but it still ended with a loss of 0.45%. Silver slipped to as low as $14.375 in London, but it then climbed back higher in New York and ended with a gain of 0.21%.
Euro gold fell under EUR1079, platinum gained $0.50 to $835, and copper lost 5 cents to about $2.67.
Gold and silver equities rose roughly 1% at the open before they fell back to about unchanged by midday, but they then rallied back higher in the last two hours of trade and ended near their opening highs.
Mortgage Rates Are Pushing U.S. Homes Out of Reach Bloomberg
Americans are the most confident in the economy in 18 years despite stock slump MarketWatch
Home Price Growth Slows To Lowest Level In A Year: Case Shiller inman
Tomorrow brings ADP employment, the Employment cost index, and Chicago PMI.
The Markets:
Oil fell over 1% ahead of tomorrow's supply data.
The U.S. dollar index rose as the euro dropped again after worse than expected eurozone GDP numbers.
Treasuries edged lower as the Dow, Nasdaq, and S&P gained nearly 2% on decent earnings reports and easing trade tensions.
Among the big names making news in the market today were Under Armour, BP, Chesapeake Energy, General Electric, Pfizer, Coca-Cola, and Mastercard.
GATA Posts:
Ronan Manly: LBMA initiative will prevent transparency in London gold market
Divers searching for 'extremely rare' gold coins in 1840 shipwreck off South Carolina
Resource-rich, brains-poor Zimbabwe just can't seem to smarten up
The Statistics:
As of close of business: 10/29/2018
Gold Warehouse Stocks: | 8,086,667.862 | -100.36 |
Silver Warehouse Stocks: | 288,988,735.429 | -624,645.137 |
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$5,433m |
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$6,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 5.296 tonnes.
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: -58.44 change from yesterday's data.
Seabridge Gold's (SA) drill results, Comstock's (LODE) third quarter results, and Excellon's (EXN.TO) increased land position were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Yamana | AUY +4.91% $2.35 |
2. Harmony | HMY +3.09% $2.00 |
3. Freeport | FCX +2.89% $11.41 |
LOSERS
1. Americas Silver | USAS -4.11% $2.10 |
2. Silvercorp | SVM -3.40% $2.27 |
3. DRDGOLD | DRD -2.67% $2.55 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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