• Gold: 1,255.75 2.59
  • Silver: 16.05 0.15
  • Euro: 1.176 -0.003
  • USDX: 93.929 0.353
  • Oil: 57.28 0.13

October 4: Gold and Silver End Mixed in Quiet Trade

Chris Mullen
|
Wednesday, October 4th

 

Close

Gain/Loss

Gold

$1275.40

+$3.50

Silver

$16.61

-$0.02

XAU

86.50

+0.61%

HUI

200.76

+0.62%

GDM

650.08

+0.79%

JSE Gold

1354.55

+12.48

USD

93.45

-0.12

Euro

117.66

+0.18

Yen

88.77

+0.15

Oil

$49.98

-$0.44

10-Year

2.330%

+0.002

T-Bond

152.71875

+0.09375

Dow

22661.64

+0.09%

Nasdaq

6534.63

+0.04%

S&P

2537.74

+0.12%

 
http://www.goldseek.com/news/2017/2017-10-04_14-01-55.jpg

 

The Metals:

 

Gold gained $10.20 to $1282.10 by a little after 8AM EST before it fell back to $1270.80 in midmorning New York trade, but it then bounced back higher into the close and ended with a gain of 0.28%. Silver climbed up to $16.885 before it dropped back to $16.554 and then also edged back higher at times, but it still ended with a loss of 0.12%.

 

Euro gold rose above €1084, platinum gained $2 to $912, and copper remained at about $2.96.

 

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

 

The Economy:

 

Yellen Says Fed Is Working on Tailoring Regulations to Bank Size  Bloomberg

U.S. service sector growth hits fastest in 12 years: ISM  Reuters

Companies in U.S. Added 135,000 Jobs in September, ADP Data Show  Bloomberg

Why a super dove could end up leading a Trumpian Fed  MarketWatch

Fed chief needs "flexibility of mind" in tough times: Fischer  Reuters

 

Tomorrow brings Initial Jobless Claims and International Trade.

 

The Markets:

 

Oil fell almost 1% on reports that Libya’s largest oil filed has restarted production.

 

The U.S. dollar index edged lower and treasuries held near unchanged while the Dow, Nasdaq, and S&P traded mostly higher on steady economic data that did little to alter the current interest rate outlook.

 

Among the big names making news in the market today were PepsiCo, Whirlpool, Monsanto, and Tesla.

 

GATA Posts:

 

 

Paulson says Sprott, others keen to join gold-investors group

 

The Statistics:

As of close of business: 10/3/2017

Gold Warehouse Stocks:

8,761,405.917

-

Silver Warehouse Stocks:

219,244,535.146

+543,323.96

 

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

854.304

27,466,734

US$34,986m

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$5,658m

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$6,252m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$457m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.024 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 229.23: +0.67 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,158.88: -4.41 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) lifted blockade and NOVAGOLD’s (NG) third quarter financial results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Almaden

AAU +8.26% $1.21

2.  Taseko

TGB +3.33% $2.17

3.  Fortuna

FSM +2.92% $4.58

 

LOSERS

1.  Paramount

PZG -2.74% $1.42

2.  NOVAGOLD

NG -2.17% $4.06

3.  Alexco

AXU -2.01% $1.46

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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