• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.191
  • Oil: 52 0.39

October 21: Gold and Silver Fall About 1%

Chris Mullen
|
Wednesday, October 21st
 

Close

Gain/Loss

Gold

$1167.30

-$9.90

Silver

$15.71

-$0.21

XAU

53.65

-3.59%

HUI

129.13

-3.86%

GDM

438.08

-2.65%

JSE Gold

1037.63

-35.84

USD

95.05

+0.15

Euro

113.39

-0.08

Yen

83.38

-0.04

Oil

$45.20

-$1.09

10-Year

2.030%

-0.041

T-Bond

158.4375

+1.15625

Dow

17168.61

-0.28%

Nasdaq

4840.12

-0.84%

S&P

2018.94

-0.58%

 
 

The Metals:

 

Gold fell $13.02 to $1164.18 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.84%. Silver slipped to as low as $15.643 and ended with a loss of 1.32%.

 

Euro gold fell to about €1029, platinum lost $16 to $1001, and copper fell slightly to about $2.36.

 

Gold and silver equities fell about 3% by late morning and remained near that level for the rest of the day.

The Economy:

 

Lower rates juice mortgage applications CNBC

U.S. debt limit wrangling could cause 'accident': Treasury's Lew Reuters

 

Tomorrow brings Initial Jobless Claims, the FHFA Housing Price Index, Existing Home Sales, and Leading Economic Indicators.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil remained lower after the Energy Information Administration reported that crude inventories rose 8 million barrels, gasoline inventories fell 1.5 million barrels, and distillates fell 2.6 million barrels.

 

The U.S. dollar index waffled near unchanged ahead of tomorrow’s ECB meeting.

 

Treasuries rose as the Dow, Nasdaq, and S&P ended lower on mixed earnings reports.

 

Among the big names making news in the market today were Valeant, Ferrari, Biogen, Western Digital, Boeing, GM, Coca-Cola, and Teva.

 

GATA Posts:

 

 

Did Austrian central banker just acknowledge gold market intervention?

 

The Statistics:

As of close of business: 10/20/2015

Gold Warehouse Stocks:

6,704,069.559

-

Silver Warehouse Stocks:

162,462,870.041

-674,822.20

 

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

697.322

22,419,597

US$26,399m

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$5,180m

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$5,724m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$418m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 162.83: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,814.20: +11.87 change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) Feasibility study and Goldcorp’s (GG) negotiations were among the big stories in the gold and silver mining industry making headlines today.

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 2015

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