• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

October 19: Gold and Silver Gain Roughly 1%

Chris Mullen
|
Thursday, October 19th

 

Close

Gain/Loss

Gold

$1288.00

+$7.10

Silver

$17.23

+$0.23

XAU

85.52

+0.54%

HUI

199.06

+0.50%

GDM

650.45

+0.40%

JSE Gold

1329.44

+18.27

USD

93.21

-0.21

Euro

118.47

+0.49

Yen

88.87

+0.26

Oil

$51.29

-$0.75

10-Year

2.322%

-0.013

T-Bond

153.34375

+0.3125

Dow

23163.04

+0.02%

Nasdaq

6605.07

-0.29%

S&P

2562.10

+0.03%

 
http://www.goldseek.com/news/2017/2017-10-19_14-01-52.jpg

 

The Metals:

 

Gold fell $4.10 to $1276.80 in Asia, but it then climbed to as high as $1290.00 in late morning New York trade and ended with a gain of 0.55%. Silver rose to as high as $17.258 and ended with a gain of 1.35%.

 

Euro gold rose to about €1088, platinum gained $5 to $921, and copper dropped a penny to about $3.15.

 

Gold and silver equities traded mostly slightly higher and ended with modest gains.

 

The Economy:

 

Leading economic indicators fall 0.2 percent, miss expectations  CNBC

Philly Fed manufacturing index lurches to a 5-month high in October  MarketWatch

U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming  Reuters

Mortgage rates snap their higher streak as Fed chair auditions heat up  MarketWatch

 

Tomorrow brings Existing Home Sales and a speech from fed chair Yellen.

 

The Markets:

 

Oil fell over 1% as ample supplies overcame tension in the Middle East.

 

The U.S. dollar index dropped as the euro continued higher ahead of next week’s ECB meeting.

 

Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower but ended near unchanged on political uncertainty.

 

Among the big names making news in the market today were Apple, Amazon, and Verizon.

 

GATA Posts:

 

 

Barrick gives Tanzania stake in mines, $300 million to end dispute

Hugo Salinas Price: How unbacked fiat money corrupts society

 

The Statistics:

As of close of business: 10/18/2017

Gold Warehouse Stocks:

8,511,843.136

-

Silver Warehouse Stocks:

220,327,841.429

-50,054.62

 

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® Gold Shares

853.132

27,429,045

US$35,277m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,725m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,325m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$462m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.87: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,023.77: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) partnership deal with Tanzania, Alio Gold’s (ALO) warrants, Goldcorp’s (GG) completed sale, Entrée’s (EGI) joint venture update, McEwen’s (MUX) third quarter production results, AbraPlata’s (ABRA.V) drill results, Aurcana’s (AUN.V) exploration drilling, and SilverCrest’s (SIL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Wheaton

WPM +3.25% $20.65

2.  Paramount

PZG +3.15% $1.31

3.  McEwen

MUX +2.48% $2.07

 

LOSERS

1.  Harmony

HMY -3.98% $1.69

2.  Northern Dynasty

NAK -2.87% $2.03

3.  Silvercorp

SVM -2.24% $2.62

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

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

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