Gold Seeker Closing Report: Gold and Silver Close Mixed
| Close | Gain/Loss |
Gold | $1212.00 | -$1.50 |
Silver | $15.44 | +$0.02 |
XAU | 74.46 | +0.09% |
HUI | 159.92 | -0.36% |
GDM | 577.95 | +0.04% |
JSE Gold | 1054.15 | -3.56 |
USD | 95.60 | +0.50 |
Euro | 115.30 | -0.85 |
Yen | 90.28 | +0.22 |
Oil | $66.81 | -$0.13 |
10-Year | 2.926% | -0.037 |
T-Bond | 143.4375 | +0.8125 |
Dow | 25509.23 | -0.29% |
Nasdaq | 7891.78 | +0.04% |
S&P | 2853.58 | -0.14% |
The Metals:
Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%.
Euro gold rose above EUR1051, platinum gained $7.50 to $836.50, and copper climbed a penny to about $2.75.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. weekly jobless claims unexpectedly fall; core PPI rises in July Reuters
U.S. jobless claims decline for first time in three weeks MarketWatch
U.S. June wholesale inventories revised higher Reuters
Tomorrow brings CPI and the Federal budget.
The Markets:
The U.S. dollar index rose as the ruble fell markedly after a "draft Senate bill proposing tough new sanctions for Russia's role in interfering in the 2016 U.S. presidential election was published Wednesday by local Russian newspaper The Kommersant."
Oil edged lower on continued concerns about a trade war that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were Yelp, Spotify, Maersk, Samsung, GM, Comcast, Tribune, and Booking Holdings.
The Statistics:
As of close of business: 8/8/2018
Gold Warehouse Stocks: | 8,641,419.507 | - |
Silver Warehouse Stocks: | 286,598,683.691 | +764,381.96 |
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 | 786.076 | 25,273,124 | US$30,687m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$435m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.456 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,215.81: No change from yesterday's data.
Randgold's (RAND) second quarter results, Nevsun's (NSU) rejected offer, Avino's (ASM) second quarter results, Alexco's (AXU) drill results, and Hecla's (HL) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pan American | PAAS +8.98% $17.36 |
2. Hecla | HL +8.36% $3.11 |
3. Americas Silver | USAS +5.14% $2.66 |
LOSERS
1. Fortuna | FSM -4.65% $4.72 |
2. New Gold | NGD -4.20% $1.14 |
3. IAMGOLD | IAG -3.65% $5.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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