• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

September 26: Gold and Silver Erase Yesterday’s Advance

Chris Mullen
|
Tuesday, September 26th

 

Close

Gain/Loss

Gold

$1295.90

-$14.50

Silver

$16.84

-$0.31

XAU

85.86

-1.78%

HUI

199.18

-2.08%

GDM

648.84

-1.64%

JSE Gold

1318.02

+11.20

USD

93.01

+0.35

Euro

117.87

-0.61

Yen

89.23

-0.39

Oil

$51.88

-$0.34

10-Year

2.236%

+0.018

T-Bond

154.71875

-0.1875

Dow

22284.32

-0.05%

Nasdaq

6380.16

+0.15%

S&P

2496.84

+0.01%

 
http://www.goldseek.com/news/2017/2017-09-26_14-04-40.jpg

 

The Metals:

 

Gold saw slight gains at $1313.40 in Asia before it fell back to $1293.50 in early afternoon New York trade and then bounced back higher at times, but it still ended with a loss of 1.11%. Silver slipped to as low as $16.777 and ended with a loss of 1.81%.

 

Euro gold fell to about €1099, platinum lost $16 to $923, and copper fell a couple of cents to about $2.91.

 

Gold and silver equities drifted lower for most of trade and ended with roughly 2% losses.

 

The Economy:

 

Yellen says Fed should be ‘wary’ of raising rates ‘too gradually’  MarketWatch

Yellen Fed wrong on employment inflation, meaning easier policy ahead  CNBC

U.S. Consumer Confidence Eases After Storms Hit Texas, Florida  Bloomberg

U.S. new home sales fall to eight-month low in August  Reuters

Home-price gains accelerate in July as a reminder of the housing bubble stirs to life  MarketWatch

 

Tomorrow brings Durable Goods Orders and Pending Home Sales.

 

The Markets:

 

Oil fell almost 1% ahead of tomorrow’s inventory report.

 

The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P held steady after fed chair Yellen reiterated the case for further rate increases.

 

Among the big names making news in the market today were Drizly, Nestle, Western Digital, Alibaba, and Equifax.

 

GATA Posts:

 

 

Interviewed by The Daily Coin, Turk describes new mechanism for monetizing gold

 

The Statistics:

As of close of business: 9/25/2017

Gold Warehouse Stocks:

8,697,105.917

-105.675

Silver Warehouse Stocks:

218,719,720.866

-

 

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

856.077

27,523,717

US$35,772m

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$5,774m

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$6,382m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$465m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

awaited

awaited

US$awaited

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 222.54: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,163.29: +57.29 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Northern Dynasty

NAK +8.05% $1.88

2.  Taseko

TGB +2.34% $1.75

3.  Freeport

FCX +0.72% $13.99

 

LOSERS

1.  Silvercorp

SVM -6.06% $2.79

2.  McEwen

MUX -5.74% $1.97

3.  Harmony

HMY -5.13% $1.85

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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