Gold Seeker Closing Report: Gold and Silver Close Mixed with Stocks
| Close | Gain/Loss |
Gold | $1243.00 | -$1.30 |
Silver | $14.55 | +$0.03 |
XAU | 67.09 | -0.46% |
HUI | 152.82 | -0.78% |
GDM | 558.66 | -0.31% |
JSE Gold | 1249.83 | +2.68 |
USD | 97.42 | +0.21 |
Euro | 113.22 | -0.35 |
Yen | 88.22 | -0.12 |
Oil | $51.65 | +$0.65 |
10-Year | 2.879% | +0.025 |
T-Bond | 143.90625 | -0.15625 |
Dow | 24370.24 | -0.22% |
Nasdaq | 7031.83 | +0.16% |
S&P | 2636.78 | -0.04% |
The Metals:
Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.
Euro gold rose to about EUR1098, platinum lost $1.50 to $780, and copper climbed 5 cents to about $2.77.
Gold and silver equities waffled near unchanged and ended slightly lower.
Trump threatens shutdown over border wall during heated meeting with Pelosi, Schumer MarketWatch
China to slash tariffs on U.S. auto imports to 15% MarketWatch
After May asks for help, Germany's Merkel says no more Brexit negotiations Reuters
Yellen warns of another potential financial crisis: 'Gigantic holes in the system' CNBC
Small-business sentiment slumps to 7-month low in November MarketWatch
Services lift U.S. producer prices in November Reuters
Fed seen slowing, or even stopping, rate hikes next year Reuters
Tomorrow brings CPI and the Federal budget.
The Markets:
Oil pared early gains on worries about a government shutdown.
The U.S. dollar index rose as the euro and pound fell on "reports that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership."
Treasuries held near unchanged while the Dow, Nasdaq, and S&P erased notable early gains and ended mostly lower on political uncertainty.
Among the big names making news in the market today were GE, Stich Fix, Google, and Delta.
GATA Posts:
Limited-edition coin evokes the Yukon with the territory's own gold
Fed chairman undertakes charm offensive -- but will he come clean?
Foreign investors spurn U.S. Treasuries as curve threatens to invert
Paulson cries foul as Detour Gold extends voting to halt a board coup
Illegal gold rush destroying Amazon rainforest, study says
The Statistics:
As of close of business: 12/10/2018
Gold Warehouse Stocks: | 8,306,812.011 | +12,699.645 |
Silver Warehouse Stocks: | 296,633,056.737 | +500,461.071 |
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(R) Gold Shares | 760.321 | 24,445,089 | US$30,438m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,521m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,101m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$446m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 0.588 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.17: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: No change from yesterday's data.
WINNERS
1. Harmony | HMY +3.23% $1.60 |
2. AngloGold | AU +2.88% $11.42 |
3. DRDGOLD | DRD +1.49% $2.05 |
LOSERS
1. Silvercorp | SVM -4.48% $1.92 |
2. Americas Silver | USAS -4.26% $1.35 |
3. Alamos | AGI -4.11% $3.50 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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