• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.191
  • Oil: 52 0.39

October 9: Gold and Silver Gain Roughly 1%

Chris Mullen
|
Monday, October 9th

 

Close

Gain/Loss

Gold

$1284.80

+$9.90

Silver

$16.96

+$0.18

XAU

87.66

+0.88%

HUI

204.60

+1.24%

GDM

658.43

+0.83%

JSE Gold

1363.00

+16.54

USD

93.65

-0.16

Euro

117.48

+0.15

Yen

88.86

+0.08

Oil

$49.58

+$0.29

10-Year

2.359%

-0.009

T-Bond

152.1875

+0.28125

Dow

22761.07

-0.06%

Nasdaq

6579.73

-0.16%

S&P

2544.73

-0.18%

 

The Metals:

 

Gold gained $10 to $1284.90 in Asia before it edged back to $1279.60 in midmorning New York trade, but it then climbed to a new session high at $1285.20 in the last minutes of the day and ended with a gain of 0.78%.  Silver rose to as high as $16.986 and ended with a gain of 1.07%.

 

Euro gold rose to about €1093, platinum gained $4 to $915, and copper remained at about $3.02.

 

Gold and silver equities rose roughly 1% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Spain Warns Catalonia Independence Bid Risks Economic Meltdown  Bloomberg

Thaler, Famed for ‘Nudge’ Theory, Wins Nobel Economics Prize  Bloomberg

The economy needs Trump's tax cut, but don%u2019t expect too much  MarketWatch

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

Oil rose on hopes for extensions to production cuts.

 

The U.S. dollar index fell along with the Dow, Nasdaq, and S&P on political uncertainty.

 

Among the big names making news in the market today were Ryanair, Ikea, Deutsche Bank, GM, Marvel, and Wal-Mart.

 

GATA Posts:

 

 

Dimon called bitcoin a fraud but JPMorgan is quoting prices

The questions that deniers of monetary metals market rigging won't answer

Debt binge threatens UK economy as IMF warns of financial crash

Ed Steer's Gold and Silver Digest for Saturday posted at GoldSeek

Explaining gold price suppression, Indian magazine cites GATA, Butler, Sprott

Indonesian president urges action on Freeport mine deal

 

The Statistics:

As of close of business: 10/6/2017

Gold Warehouse Stocks:

8,771,375.170

-

Silver Warehouse Stocks:

219,562,110.461

+568,249.977

 

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

854.018

27,457,537

US$35,108m

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$5,690m

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$6,289m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$461m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.955 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.69: -0.90 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,129.51: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Fortuna

FSM +4.52% $4.86

2.  Endeavour Siler

EXK +4.25% $2.70

3.  Alio Gold

ALO +4.23% $4.56

 

LOSERS

1.  Tahoe Resources

TAHO -2.97% $5.22

2.  DRDGOLD

DRD -2.04% $3.84

3.  Almaden

AAU -0.84% $1.18

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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