• Gold: 1,294.30 -2.85
  • Silver: 16.95 -0.03
  • Euro: 1.194 -0.001
  • USDX: 92.171 0.172
  • Oil: 50.54 -0.2

September 12: Gold and Silver Turn Higher in Late Trade

Chris Mullen
|
Tuesday, September 12th

 

Close

Gain/Loss

Gold

$1331.50

+$3.90

Silver

$17.87

+$0.11

XAU

90.20

+0.66%

HUI

209.56

+0.62%

GDM

684.54

+0.21%

JSE Gold

1380.08

-11.36

USD

91.92

-0.03

Euro

119.66

+0.15

Yen

90.77

-0.63

Oil

$48.23

+$0.16

10-Year

2.171%

+0.040

T-Bond

156.53125

-0.75

Dow

22118.86

+0.28%

Nasdaq

6454.28

+0.34%

S&P

2496.48

+0.34%

 
http://www.goldseek.com/news/2017/2017-09-12_14-03-07.jpg

 

The Metals:

 

Gold dipped $4.90 to $1322.70 in London before it jumped up to $1329.00 at about 8:30AM EST and then chopped back lower in morning New York trade, but it then climbed to a new session high at $1331.80 in afternoon trade and ended with a gain of 0.29%. Silver rose to as high as $17.889 and ended with a gain of 0.62%.

 

Euro gold rose to about €1113, platinum remained at $986, and copper fell 3 cents to about $3.03.

 

Gold and silver equities edged higher in afternoon trade and ended with modest gains.

 

The Economy:

 

U.S. Household Incomes Rose to Record in 2016 as Poverty Fell  Bloomberg

Job Openings in U.S. Climbed to Record 6.17 Million in July  Bloomberg

Goldman Sachs lowers U.S. third-quarter GDP forecast after Harvey, Irma  Reuters

The U.S. is now over $20 trillion in debt — here’s how it got there  MarketWatch

 

Tomorrow brings PPI and the Treasury Budget.

 

The Markets:

 

Oil closed up on the day after OPEC said output in August fell by 79,000 barrels a day to 32.76 million.

 

The U.S. dollar index ended slightly lower in mixed trade and treasuries fell as the Dow, Nasdaq, and S&P rose to new records on talk about tax reform.

 

Among the big names making news in the market today were Apple, McDonald’s, DowDuPont, and Equifax.

 

GATA Posts:

 

 

China gold firms pursue $1.5 billion Indonesia mine

 

The Statistics:

As of close of business: 9/11/2017

Gold Warehouse Stocks:

8,696,919.037

-

Silver Warehouse Stocks:

217,633,347.138

-128,366.476

 

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

835.684

26,868,073

US$35,636m

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$5,896m

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$6,511m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$478m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.35

1,072,201

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.182 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.58: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: No change from yesterday’s data.

 

The Miners:

 

Petropavlovsk’s first-half earnings, Comstock’s (LODE) acquisition of claims, and IAMGOLD’s (IAG) analyst tour were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +5.69% $4.83

2.  Gold Resource

GORO +5.45% $3.87

3.  Endeavour Silver

EXK +4.88% $2.58

 

LOSERS

1.  Turquoise

TRQ -2.45% $3.19

2.  Tahoe Resource

TAHO -1.44% $6.18

3.  Randgold

GOLD-0.86% $103.36

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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