• Gold: 1,291.49 -2.18
  • Silver: 17.19 -0.08
  • Euro: 1.173 -0.006
  • USDX: 93.995 0.333
  • Oil: 56.79 -0.02

October 18: Gold and Silver End Slightly Lower

Chris Mullen
|
Wednesday, October 18th

 

Close

Gain/Loss

Gold

$1280.90

-$4.70

Silver

$17.00

-$0.04

XAU

85.06

-0.82%

HUI

198.07

-0.78%

GDM

648.07

-0.41%

JSE Gold

1311.17

-1.16

USD

93.42

-0.09

Euro

117.98

+0.30

Yen

88.61

-0.62

Oil

$52.04

+$0.16

10-Year

2.335%

+0.031

T-Bond

153.09375

-0.96875

Dow

23157.60

+0.70%

Nasdaq

6624.22

+0.01%

S&P

2561.26

+0.07%

 
http://www.goldseek.com/news/2017/2017-10-18_14-02-59.jpg

 

The Metals:

 

Gold fell $8.60 to $1277.00 at about 8:15AM EST, but it then chopped back higher in New York and ended with a loss of just 0.37%. Silver slipped to as low as $16.901 and ended with a loss of 0.23%.

 

Euro gold fell to about €1086, platinum lost $16.50 to $916, and copper fell a couple of cents to about $3.16.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

 

The Economy:

 

Fed's Beige Book still can't find inflation threat despite labor bottlenecks so severe they're shackling U.S. economy  MarketWatch

Housing starts tumble in September but key single-family homes are on the rise  MarketWatch

Drop in September U.S. Home Starts Reflects Slump in South  Bloomberg

 

Tomorrow brings Initial Jobless Claims and Leading Economic Indicators.

 

The Markets:

 

Oil edged higher on persistent geopolitical concerns.

 

The U.S. dollar index erased early gains and ended lower as the euro rose ahead of next week’s ECB meeting.

 

Treasuries fell as the Dow, Nasdaq, and S&P climbed to new highs on strong earnings reports.

 

Among the big names making news in the market today were Anthem, Bitcoin, Ford, J.P Morgan, and IBM.

 

GATA Posts:

 

 

Bitcoin falls on reminder that CFTC might regulate it

Chinese buyers reported interested in Scotiabank's gold business

Charts from Incrementum's latest 'In Gold We Trust' report updated and compiled

Global warming uncovers biggest Canadian gold deposit

Silver coin proposal discussed on Mexican TV by Salinas Price

 

The Statistics:

As of close of business: 10/17/2017

Gold Warehouse Stocks:

8,511,843.136

+1,478.48

Silver Warehouse Stocks:

220,377,896.049

+5,019.80

 

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

853.132

27,429,045

US$35,108m

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$5,687m

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$6,283m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.87: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,023.77: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Northern Dynasty

NAK +5.03% $2.09

2.  Gold Standard

GSV +1.94% $1.58

3.  DRDGOLF

DRD +1.42% $3.57

 

LOSERS

1.  New Gold

NGD -3.80% $3.54

2.  Eldorado

EGO -3.18% $2.13

3.  Paramount

PZG -2.70% $1.27

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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