• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.661 0.154
  • Oil: 52.06 0.45

September 19: Gold and Silver Bump Higher in Late Trade

Chris Mullen
|
Tuesday, September 19th

 

Close

Gain/Loss

Gold

$1311.10

+$2.70

Silver

$17.30

+$0.09

XAU

87.22

+0.45%

HUI

202.27

-0.13%

GDM

661.43

+0.30%

JSE Gold

1344.62

-4.32

USD

91.79

-0.24

Euro

119.95

+0.44

Yen

89.81

+0.04

Oil

$49.48

-$0.43

10-Year

2.245%

+0.017

T-Bond

155.40625

-0.21875

Dow

22370.80

+0.18%

Nasdaq

6461.32

+0.10%

S&P

2506.65

+0.11%

 
http://www.goldseek.com/news/2017/2017-09-19_14-03-11.jpg

 

The Metals:

 

Gold edged up to $1310.60 in midmorning New York trade before it fell back to $1305.40 in early afternoon action, but it then shot back higher into the close and ended near its late session high of $1311.70 with a gain of 0.21%. Silver rose to as high as $17.326 and ended with a gain of 0.52%.

 

Euro gold fell to about €1093, platinum lost $3.50 to $953, and copper remained at about $2.96.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. current account widens sharply in second quarter  Reuters

U.S. import prices post biggest gain in seven months  Reuters

U.S. Housing Starts Steady, Permits Rise Ahead of Hurricanes  Bloomberg

 

Tomorrow brings Existing Home Sales and a FOMC Announcement.

 

The Markets:

 

Oil fell almost 1% ahead of tomorrow’s inventory report.

 

The U.S. dollar index dropped on disappointing economic data.

 

Treasuries held near unchanged before tomorrow’s fed announcement.

 

The Dow, Nasdaq, and S&P rose to new records on relative geopolitical calm.

 

Among the big names making news in the market today were T-Mobile and Sprint, Equifax, Volvo, AutoZone, Walgreens, and Toys ‘R’ Us.

 

GATA Posts:

 

 

Turkey will strive to paperize 2,200 tonnes of gold in home savings

 

The Statistics:

As of close of business: 9/18/2017

Gold Warehouse Stocks:

8,685,969.347

-10,145.94

Silver Warehouse Stocks:

218,601,860.495

-177,011.371

 

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

843.959

27,134,141

US$35,527m

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$5,811m

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$6,424m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$470m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.319 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 221.34: +0.42 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,141.26: -32.32 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) lawsuit, Kinross Gold’s (KGC) updated mineral reserve and resource estimates, and Golden Star’s (GSS) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +3.83% $1.90

2.  Sandstorm

SAND +3.06% $4.72

3.  Alio Gold

ALO +2.78% $4.80

 

LOSERS

1.  McEwen

MUX -9.47% $2.20

2.  Taseko

TGB -5.38% $1.76

3.  Eldorado

EGO -3.02% $2.25

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map