• Gold: 1,240.20 -2.74
  • Silver: 14.66 -0.11
  • Euro: 1.135 -0.001
  • USDX: 97.226 0.082
  • Oil: 52.33 -0.65

October 1: Gold and Silver Edge Lower

Chris Mullen
|
Monday, October 1st

 

Close

Gain/Loss

Gold

$1189.60

-$2.10

Silver

$14.49

-$0.13

XAU

65.14

-0.06%

HUI

141.29

+0.16%

GDM

516.25

+0.11%

JSE Gold

996.29

+0.01

USD

95.28

+0.13

Euro

115.78

-0.34

Yen

87.86

-0.30

Oil

$75.30

+$2.05

10-Year

3.093%

+0.038

T-Bond

139.78125

-0.71875

Dow

26651.21

+0.73%

Nasdaq

8037.30

-0.11%

S&P

2924.59

+0.36%

 
http://www.goldseek.com/news/2018/2018-10-01_14-02-12.jpg

 

The Metals:

 

Gold dropped $7.10 to $1184.60 in Asia before it to jumped up to $1192.10 in London and then fell back off into midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $14.379 and ended with a loss of 0.89%.

 

Euro gold rose above €1027, platinum gained $5 to $819, and copper dropped 2 cents to about $2.78.

 

Gold and silver equities waffled near unchanged and ended mostly higher.

 

The Economy:

 

In Trump win, Canada, U.S. deal saves NAFTA as trilateral pact  Reuters

ISM manufacturing index in September falls slightly on concerns over tariffs, supply issues  MarketWatch

U.S. Factory Gains Cool to Still-Solid Pace as Bottlenecks Ease  Bloomberg

U.S. housing market faces '5-percent' test  Reuters

U.S. construction spending edges up; private outlays fall  Reuters

 

Tomorrow brings fedspeak.

 

The Markets:

 

Oil rose nearly 3% and the U.S. dollar index traded mostly higher while treasuries fell on optimism over this weekend’s NAFTA deal that sent the Dow, Nasdaq, and S&P mostly higher.

 

Among the big names making news in the market today were Groupon, GE, and Tesla.

 

GATA Posts:

 

 

Poland buys gold for first time in 20 years

Barrick seeks 'distinctive and preferred relationship with China'

 

The Statistics:

As of close of business: 9/28/2018

Gold Warehouse Stocks:

8,330,689.966

-884.925

Silver Warehouse Stocks:

289,724,976.064

+43,748.91

 

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

742.232

23,863,511

US$28,372m

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$5,278m

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$5,834m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$427m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.59: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,358.91: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) share purchases and Comstock’s (LODE) award were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +5.66% $1.12

2.  Sibanye

SBGL +2.01% $2.54

3.  Kinross

KGC +1.85% $2.75

 

LOSERS

1.  Americas Silver

USAS-5.92% $2.22

2.  Gold Standard

GSV -4.65% $1.64

3.  Endeavour Silver

EXK -3.46% $2.23

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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