• Gold: 1,278.82 1.41
  • Silver: 16.95 0.02
  • Euro: 1.174 0.001
  • USDX: 94.08 0.113
  • Oil: 56.4 -0.41

September 11: Gold and Silver Fall Over 1%

Chris Mullen
|
Monday, September 11th

 

Close

Gain/Loss

Gold

$1327.60

-$18.80

Silver

$17.76

-$0.24

XAU

89.61

-2.23%

HUI

208.27

-3.89%

GDM

683.11

-2.73%

JSE Gold

1391.44

-50.46

USD

91.95

+0.61

Euro

119.51

-0.84

Yen

91.40

-1.42

Oil

$48.07

+$0.59

10-Year

2.131%

+0.075

T-Bond

157.28125

-1.28125

Dow

22057.37

+1.19%

Nasdaq

6432.26

+1.13%

S&P

2488.11

+1.08%

 
http://www.goldseek.com/news/2017/2017-09-11_14-01-33.jpg

 

The Metals:

 

Gold fell throughout most of world trade and ended near its late session low of $1326.40 with a loss of 1.4%. Silver slipped to as low as $17.712 and ended with a loss of 1.33%.

 

Euro gold fell to about €1111, platinum lost $21 to $986, and copper climbed a few cents to about $3.06.

 

Gold and silver equities fell roughly 3% by midafternoon and remained near that level into the close.

 

The Economy:

 

U.S. inflation weakness persists: New York Fed survey  Reuters

 

Tomorrow brings Job Openings data for July.

 

The Markets:

 

Oil ended over 1% higher in mixed trade on thoughts that energy demand impacts from Hurricane Irma will not be as bad as feared.

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P gained over 1% on relief over the manageable damage caused by storms over the weekend.

 

Among the big names making news in the market today were Google, Shell, Tesla, Nissan, and T-Mobile.

 

GATA Posts:

 

 

In KWN interview, Maguire notes Goldman's warning against 'paper' gold

Fed can't sell unless some other huge entity buys, Embry says

But isn't bitcoin supposed to be beyond government control?

Ted Butler: Eight crooks against the world

 

The Statistics:

As of close of business: 9/08/2017

Gold Warehouse Stocks:

8,696,919.037

+2,023.587

Silver Warehouse Stocks:

217,761,713.614

+1,086,011.85

 

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

834.502

26,830,061

US$35,792m

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$5,919m

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$6,544m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$477m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

33.35

1,072,201

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.364 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 219.58: +1.05 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,173.58: No change from yesterday’s data.

 

The Miners:

 

Centerra Gold’s (CG.TO) settlement agreement with the Government of the Kyrgyz Republic, Comstock’s (LODE) award, Richmont’s (RIC) transaction with Monarques, Eldorado Gold’s (EGO) suspended investment at its Greek mines, Alamos Gold’s (AGI) friendly acquisition of Richmont (RIC), Tahoe’s (TAHO) court ruling, Endeavour Silver’s (EXK) exchanged mineral rights with Capstone, Coeur’s (CDE) acquisition of the Silvertip Mine, and Silver Bull’s (SVBL) channel sampling results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Tahoe Resources

TAHO +33.4% $6.27

2.  Taseko

TGB +5.73% $2.03

3.  Paramount

PZG +2.30% $1.78

 

LOSERS

1.  Alamos Gold

AGI -15.98% $7.10

2.  McEwen

MUX -9.19% $2.57

3.  AngloGold

AU -7.73% $9.79

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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