• Gold: 1,293.87 0.20
  • Silver: 17.28 0.01
  • Euro: 1.178 -0.001
  • USDX: 93.662 0.049
  • Oil: 56.81 1.33

October 27: Gold and Silver Fall Roughly 1% on the Week

Chris Mullen
|
Friday, October 27th

 

Close

Gain/Loss

On Week

Gold

$1273.10

+$5.80

-0.54%

Silver

$16.84

+$0.06

-1.12%

XAU

81.57

+0.59%

-4.05%

HUI

187.05

+1.00%

-5.31%

GDM

624.75

+0.53%

-3.13%

JSE Gold

1372.42

-30.68

+3.03%

USD

94.88

+0.20

+1.23%

Euro

116.00

-0.46

-1.44%

Yen

88.00

+0.17

-0.20%

Oil

$53.90

+$1.26

+4.72%

10-Year

2.419%

-0.043

+1.51%

Bond

151.34375

+0.625

-0.49%

Dow

23434.49

+0.14%

+0.45%

Nasdaq

6701.26

+2.20%

+1.09%

S&P

2581.07

+0.81%

+0.23%

 
http://www.goldseek.com/news/2017/2017-10-27_14-03-32.jpg

 

The Metals:

 

Gold dipped $3.40 to $1263.90 in London, but it then rose to as high as $1273.70 in New York and ended with a gain of 0.46%. Silver climbed to as high as $16.863 and ended with a gain of 0.36%.

 

Euro gold rose to about €1098, platinum lost $2 to $913, and copper dropped 7 cents to about $3.10.

 

Gold and silver equities traded mostly slightly higher and with roughly 1% gains on the day.

 

The Economy:

 

Trump to announce Fed pick next week, White House's Sanders says  MarketWatch

Trump Leans Toward Jay Powell As Next Fed Chairman  Bloomberg

Consumer sentiment in October at a 13-year high even as final reading reduced  MarketWatch

U.S. economy grows 3.0 percent in third quarter on inventories, trade  Reuters

 

Next week’s economic highlights include Personal Income and Outlays on Monday, the Employment Cost Index, S&P Corelogic Case-Shiller HPI, Chicago PMI, and Consumer Confidence on Tuesday, ADP Employment, PMI Manufacturing, ISM Manufacturing, Construction Spending, and a FOMC Meeting Announcement on Wednesday, Initial Jobless Claims and Productivity and Costs on Thursday, and October’s job data, PMI Services, Factory Orders and ISM Non- Manufacturing on Friday.

 

The Markets:

 

Oil rose over 2% more on continued confidence that that OPEC may extend its supply-restraint deal.

 

The U.S. dollar index saw decent gains as the euro fell again on the view that interest rates will rise faster in the US than in Europe.

 

Treasuries edged higher after Catalonia's parliament declared independence from Spain.

 

The Dow, Nasdaq, and S&P flirted with new highs again on strong earnings reports.

 

Among the big names making news in the market Friday were J.C. Penney, Barclays, Amazon, Google, Microsoft, Intel, Chevron, CVS and Aetna, and Exxon.

 

GATA Posts:

 

 

Company adds 'Blockchain' to its name and its shares surge nearly 400%

 

The Statistics:

Activity from: 10/26/2017

Gold Warehouse Stocks:

8,447,588.889

-

Silver Warehouse Stocks:

224,618,155.476

-2,176,674.08

 

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

851.950

27,391,052

US$34,679m

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$5,647m

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$6,240m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$456m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.182 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 233.15: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,962.09: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Nevsun

NSU +13.73% $2.32

2.  Northern Dynasty

NAK +5.85% $1.99

3.  Alio Gold

ALO +4.64% $4.06

 

LOSERS

1.  Taseko

TGB -6.79% $2.06

2.  Freeport

FCX -3.81% $14.13

3.  Almaden

AAU -3.70% $1.01

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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