• Gold: 1,255.47 2.31
  • Silver: 16.05 0.15
  • Euro: 1.176 -0.003
  • USDX: 93.928 0.352
  • Oil: 57.28 0.13

September 27: Gold and Silver Fall Again

Chris Mullen
|
Wednesday, September 27th

 

Close

Gain/Loss

Gold

$1283.80

-$12.10

Silver

$16.75

-$0.09

XAU

84.75

-1.30%

HUI

196.39

-1.41%

GDM

640.22

-1.29%

JSE Gold

1310.95

-7.07

USD

93.42

+0.41

Euro

117.48

-0.39

Yen

88.75

-0.48

Oil

$52.14

+$0.26

10-Year

2.302%

+0.066

T-Bond

153.03125

-1.75

Dow

22340.71

+0.25%

Nasdaq

6453.26

+1.15%

S&P

2507.04

+0.41%

 
http://www.goldseek.com/news/2017/2017-09-27_14-04-28.jpg

 

The Metals:

 

Gold fell $13.20 to $1282.70 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.93%. Silver slipped to as low as $16.679 and ended with a loss of 0.53%.

 

Euro gold fell to about €1093, platinum lost $4 to $919, and copper climbed a penny to about $2.92.

 

Gold and silver equities fell over 1% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Trump proposal slashes taxes on businesses, the rich amid deficit worries  Reuters

Fed's Bullard sees no need to raise interest rates anytime soon  MarketWatch

GOP tax plan assures rising national debt forever  MarketWatch

Home-contract signings tumble to near 2-year low, hit by hurricanes and tight supply  MarketWatch

U.S. core capital goods orders rise more than expected  Reuters

 

Tomorrow brings GDP, Initial Jobless Claims, and International Trade in Goods.

 

The Markets:

 

Oil ended modestly higher after the Energy Information Administration reported that crude inventories fell 1.8 million barrels, gasoline inventories rose 1.1 million barrels, and distillates fell 800,000 barrels.

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P jumped higher on Trump’s tax plan.

 

Among the big names making news in the market today were Bitcoin, Playbuzz, J.P. Morgan, Bank of America, and Monsanto.

 

GATA Posts:

 

 

Billionaire John Paulson targets gold-mining CEOs over pay

Bullion dealer Sharps Pixley to accept payment in bitcoin

Maybe they really do ring a bell at the top

U.S. dollar no longer the dominant 'haven' currency, analysts say

 

The Statistics:

As of close of business: 9/26/2017

Gold Warehouse Stocks:

8,697,105.917

-

Silver Warehouse Stocks:

218,598,224.786

-121,496.08

 

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

862.578

27,732,747

US$35,558m

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$5,710m

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$6,317m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.501 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 224.82: +2.28 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Almaden

AAU +8.93% $1.22

2.  McEwen

MUX +3.05% $2.03

3.  Avino

ASM +1.90% $1.61

 

LOSERS

1.  Tahoe Resources

TAHO-11.62% $5.02

2.  Paramount

PZG -7.65% $1.57

3.  Fortuna

FSM -4.18% $4.36

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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© Gold Seeker 2017

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