• Gold: 1,257.30 1.50
  • Silver: 16.09 0.05
  • Euro: 1.179 0.003
  • USDX: 93.769 -0.163
  • Oil: 57.76 0.5

October 3: Gold and Silver End Slightly Higher

Chris Mullen
|
Tuesday, October 3rd

 

Close

Gain/Loss

Gold

$1271.90

+$0.50

Silver

$16.63

+$0.04

XAU

85.98

+1.12%

HUI

199.52

+1.37%

GDM

645.16

+0.88%

JSE Gold

1342.07

+30.29

USD

93.57

-0.05

Euro

117.48

+0.11

Yen

88.62

-0.17

Oil

$50.42

-$0.16

10-Year

2.328%

-0.013

T-Bond

152.75

+0.0625

Dow

22641.67

+0.37%

Nasdaq

6531.71

+0.23%

S&P

2534.58

+0.22%

 
http://www.goldseek.com/news/2017/2017-10-03_14-01-14.jpg

 

The Metals:

 

Gold waffled between $1268.40 and $1272.4 in Asia before it popped up to $1274.50 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.04%. Silver rose to as high as $16.66 and ended with a gain of 0.24%.

 

Euro gold remained at about €1083, platinum lost $1 to $910, and copper climbed a penny to about $2.96.

 

Gold and silver equities rose roughly 1% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

Bond Traders Place Biggest Short in Treasuries in Over a Decade  Bloomberg

NRF sees holiday sales up 3.6-4 percent, slightly below 2016's growth  Reuters

Warsh would be strange pick as Fed chair for a president who says he cares about jobs  MarketWatch

 

Tomorrow brings ADP employment and ISM Non-Manufacturing. Janet Yellen also speaks at 3:15PM EST at the Community Banking in the 21st Century Conference in St. Louis.

 

The Markets:

 

Oil held near unchanged ahead of tomorrow’s supply data.

 

The U.S. dollar index edged lower as the euro advanced on thoughts that the ECB may signal a more cautious tone when Draghi speaks tomorrow.

 

Treasuries traded mixed while the Dow, Nasdaq, and S&P bumped higher on strong car sales reports.

 

Among the big names making news in the market today were JPMorgan, Tesla, GM, Ford, Toyota, Paychex, Google, Tesla, Bitcoin, and Wal-Mart.

 

GATA Posts:

 

 

 

HSBC, Deutsche Bank pay penalties for FX rate manipulation

 

The Statistics:

As of close of business: 10/2/2017

Gold Warehouse Stocks:

8,761,405.917

-

Silver Warehouse Stocks:

218,701,211.186

+579,875.13

 

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

859.328

27,628,244

US$35,178m

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$5,657m

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$6,254m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$456m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 5.319 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 228.56: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: No change from yesterday’s data.

 

The Miners:

 

Paramount’s (PZG) priced offering, Seabridge Gold’s (SA) drill results, and First Majestic’s (AG) mine accident were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Taseko

TGB +9.95% $2.10

2.  Tahoe

TAHO +4.09% $5.35

3.  Avino

ASM +3.33% $1.55

 

LOSERS

1.  Paramount

PZG -6.96% $1.46

2.  Alio

ALO -1.81% $4.33

3.  First Majestic

AG -1.13% $6.83

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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