Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 3%
| Close | Gain/Loss |
Gold | $1233.20 | +$16.30 |
Silver | $14.74 | +$0.46 |
XAU | 67.19 | +4.52% |
HUI | 149.73 | +4.84% |
GDM | 544.52 | +3.60% |
JSE Gold | 1139.52 | -24.28 |
USD | 96.27 | -0.74 |
Euro | 114.11 | +0.86 |
Yen | 88.87 | +0.25 |
Oil | $63.69 | -$1.62 |
10-Year | 3.139% | -0.008 |
T-Bond | 138.50 | +0.375 |
Dow | 25380.74 | +1.06% |
Nasdaq | 7434.06 | +1.75% |
S&P | 2740.37 | +1.06% |
The Metals:
Gold climbed steadily higher throughout most of world trade and ended near its midafternoon New York high of $1237.40 with a gain of 1.34%. Silver surged to as high as $14.818 and ended with a gain of 3.22%.
Euro gold rose above EUR1080, platinum gained $16 to $851, and copper climbed 6 cents to about $2.73.
Gold and silver equities rose throughout the day and ended almost 5% higher.
U.S. labor market tightening; manufacturing slowing Reuters
Mortgage rates slide as echoes of 2006 haunt the housing market MarketWatch
ISM manufacturing index falls to six-month low in October as price rises, shortages weigh MarketWatch
Construction spending unchanged in September after strong gain in prior month MarketWatch
U.S. weekly jobless claims fall; productivity slows in third quarter Reuters
U.S. productivity pops 2.2% in third quarter, caps best back-to-back gain in four years MarketWatch
Trump says he and China's Xi Jinping talked about trade amid tariffs CNBC
Tomorrow brings October's jobs data, the trade deficit, and factory orders.
The Markets:
Oil fell 2.5% on more signs of increasing supply along with falling demand.
The U.S. dollar index fell markedly on poor economic data that sent treasuries higher ahead of tomorrow's jobs data. The pound and euro jumped higher on Brexit optimism.
The Dow, Nasdaq, and S&P rose over 1% on trade optimism and steady earnings reports.
Among the big names making news in the market today were Google, Dow Dupont, Tempur Sealy, Spotify, Tesla, Ford, GM, Fiat Chrysler, and New York Times.
GATA Posts:
Slump in rupee pushes India to seek trade settlement in yuan
The Statistics:
As of close of business: 10/31/2018
Gold Warehouse Stocks: | 8,066,489.712 | - |
Silver Warehouse Stocks: | 292,639,161.053 | +2,380,707.938 |
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(R) Gold Shares | 754.055 | 24,243,631 | US$29,837m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,474m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,053m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$443m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 0.883 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,217.39: No change from yesterday's data.
Nevsun's (NSU) regulatory approval, Gold Fields' (GFI) upcoming worker strike, and Excellon's (EXN.TO) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +15.2% $1.97 |
2. Silvercorp | SVM +8.47% $2.37 |
3. Endeavour Silver | EXK +8.12% $2.13 |
LOSERS
1. Sibanye | SBGL -9.22% $2.56 |
2. Golden Star | GSS -5.41% $3.32 |
3. Gold Standard | GSV -4.03% $1.43 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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