• Gold: 1,297.15 0.00
  • Silver: 16.97 -0.01
  • Euro: 1.195 0.000
  • USDX: 92.171 0.172
  • Oil: 50.74 0.03

September 5: Gold and Silver Gain Over 1% Again

Chris Mullen
|
Tuesday, September 5th

 

Close

Gain/Loss

Gold

$1341.00

+$15.30

Silver

$17.89

+$0.19

XAU

92.41

+2.06%

HUI

217.78

+2.21%

GDM

702.56

+1.97%

JSE Gold

1445.96

-35.17

USD

92.29

-0.53

Euro

119.18

+0.54

Yen

92.01

+1.25

Oil

$48.66

+$1.37

10-Year

2.069%

-0.091

T-Bond

158.375

+1.46875

Dow

21753.31

-1.07%

Nasdaq

6375.57

-0.93%

S&P

2457.85

-0.76%

 
http://www.goldseek.com/news/2017/2017-09-05_14-00-58.jpg

 

The Metals:

 

Gold gained $13.40 to as high as $1339.10 in holiday-thinned trade on Monday before it dropped back to $1326.60 in London today, but it then rallied back higher in New York and ended near its late session high of $1344.20 with a gain of 1.15% from last Friday’s close.  Silver climbed to as high as $18.001 and ended with a gain of 1.07%. 

 

Euro gold rose to about €1124, platinum remained at $1005, and copper climbed a couple of cents to about $3.12.

 

Gold and silver equities chopped steadily higher throughout most of trade and ended with about 2% gains.

 

The Economy:

 

Fed's rate hikes may be doing real harm to U.S. economy: Kashkari  Reuters

U.S. factory orders post biggest drop in nearly three years  Reuters

'Congress, get ready to do your job': Trump fires opening shot on DACA  Yahoo

Fed's Brainard Says Caution Warranted on Further Tightening  Bloomberg

 

Tomorrow brings International Trade, the ISM non-manufacturing report, and the fed’s Beige Book.

 

The Markets:

 

Oil gained almost 3% on resuming refinery operations.

 

The U.S. dollar index dropped and treasuries rose as the Dow, Nasdaq, and S&P fell roughly 1% on geopolitical uncertainty.

 

Among the big names making news in the market today were Tyson Foods, Lego, Bitcoin, and United Technologies.

 

GATA Posts:

 

 

Fed governor urges central bank to pretend there's no inflation

China's central bank declares initial coin offerings illegal

Mobius foresees cryptocurrency crackdown sparking a rush to gold

Disarming of WWII bomb relieves downtown Frankfurt and Bundesbank

GATA chairman describes gold price suppression and our work to expose it

Marcos' widow claims massive gold deposits in 177 banks in 72 countries

China sees new world order with its own oil benchmark backed by gold

 

The Statistics:

As of close of business: 9/1/2017

Gold Warehouse Stocks:

8,690,810.500

-2,829.20

Silver Warehouse Stocks:

216,612,283.217

+108,937.30

 

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

831.212

26,724,309

US$35,679m

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$5,929m

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$6,560m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$481m

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 added 14.78 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.58: +1.32 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,304.24: -14.7 change from yesterday’s data.

 

The Miners:

 

Agnico Eagle’s (AEM) exploration results, Buenaventura’s (BVN) completed ramp up process, Paramount’s (PZG) filed mine plan, Silver Bear’s (SBR.TO) convertible promissory note conversion, and Silvercorp’s (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +10.76% $1.75

2.  DRDGOLD

DRD +9.55% $3.90

3.  Silvercorp

SVM +8.28% $3.40


LOSERS

1.  Taseko

TGB -4.46% $1.93

2.  Freeport

FCX -1.86% $14.79

3.  Nevsun

NSU -1.79% $2.20

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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