• Gold: 1,286.10 5.21
  • Silver: 17.05 0.05
  • Euro: 1.183 0.003
  • USDX: 93.24 -0.123
  • Oil: 51.64 -0.6

September 18: Gold and Silver Fall Roughly 1% and 2%

Chris Mullen
|
Monday, September 18th

 

Close

Gain/Loss

Gold

$1308.40

-$12.60

Silver

$17.21

-$0.39

XAU

86.84

-1.75%

HUI

202.53

-2.14%

GDM

659.02

-1.81%

JSE Gold

1348.94

-42.89

USD

92.03

+0.20

Euro

119.51

-0.02

Yen

89.77

-0.43

Oil

$49.91

+$0.02

10-Year

2.228%

+0.022

T-Bond

155.625

-0.6875

Dow

22331.35

+0.28%

Nasdaq

6454.64

+0.10%

S&P

2503.87

+0.15%

 
http://www.goldseek.com/news/2017/2017-09-18_14-01-59.jpg

 

The Metals:

 

Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1304.80 with a loss of 0.95%. Silver slipped to as low as $17.062 and ended with a loss of 2.22%.

 

Euro gold fell to about €1095, platinum lost $9.50 to $956.50, and copper climbed a couple of cents to about $2.96.

 

Gold and silver equities fell about 2% by midmorning and remained near that level into the close.

 

The Economy:

 

Bond buying an economic boon, inflationary puzzle for Fed  Reuters

Fed to take historic leap into the unknown  MarketWatch

Builder confidence slips in September on worries about labor, materials availability  MarketWatch

 

Tomorrow brings Housing Starts, the Current Account balance, and Import and Export Prices.

 

The Markets:

 

Oil traded mostly lower but ended with a small gain on uncertainty about the full implications of past and future hurricanes and related storms.

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new highs on relative geopolitical calm.

 

Among the big names making news in the market today were Caterpillar, Equifax, Cisco, Northrop Grumman and Orbital, Nvidia, and Intel.

 

GATA Posts:

 

 

China aims to kill bitcoin and track all financial transactions

India may exclude gold from future trade agreements

Global debt may be underestimated by $13 trillion, BIS warns

You can't lose if you join GATA at the New Orleans conference

India's gold imports jump three-fold from April to August

 

The Statistics:

As of close of business: 9/15/2017

Gold Warehouse Stocks:

8,696,115.287

-

Silver Warehouse Stocks:

218,778,861.866

+532,489.747

 

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

838.640

26,963,102

US$35,371m

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$5,807m

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$6,422m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$469m

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: 220.92: No change from yesterday’s data.

 

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

 

The Miners:

 

Kinross Gold’s (KGC) expansion of its Tasiast mine, SEMAFO’s (SMF.TO) production guidance, and Bear Creek’s (BCM.V) arbitration proceedings were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +19.01% $1.69

2.  Alio Gold

ALO +10.40% $4.67

3.  Nevsun

NSU +2.31% $2.21

 

LOSERS

1.  Americas Silver

USAS -7.98% $4.15

2.  Harmony

HMY -7.01% $1.99

3.  Pretivm

PVG -6.57% $8.10

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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