• Gold: 1,221.69 -0.60
  • Silver: 14.32 -0.00
  • Euro: 1.137 0.000
  • USDX: 96.836 0.643
  • Oil: 54.07 0.7

November 1: Gold and Silver Gain Over 1% and 3%

Chris Mullen
|
Thursday, November 1st

 

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%

 
http://www.goldseek.com/news/2018/2018-11-01_14-01-21.jpg

 

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 €1080, 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.

 

The Economy:

 

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® Gold Shares

754.055

24,243,631

US$29,837m

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$5,474m

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$6,053m

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.

 

The Miners:

 

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

© Gold Seeker 2018

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