Gold Seeker Closing Report: Gold and Silver Close Slightly Lower
| Close | Gain/Loss |
Gold | $1202.10 | -$3.90 |
Silver | $14.20 | -$0.04 |
XAU | 63.74 | -0.50% |
HUI | 138.35 | -0.42% |
GDM | 502.36 | +0.09% |
JSE Gold | 999.41 | +1.70 |
USD | 94.55 | -0.28 |
Euro | 116.91 | +0.63 |
Yen | 89.31 | -0.62 |
Oil | $68.59 | -$1.78 |
10-Year | 2.973% | +0.008 |
T-Bond | 143.03125 | -0.03125 |
Dow | 26145.99 | +0.57% |
Nasdaq | 8013.71 | +0.75% |
S&P | 2904.18 | +0.53% |
The Metals:
Gold edged down to $1203.60 in Asia before it jumped up to $1212.60 by about 9:30AM EST, but it then fell back off into midday and ended near its midafternoon low of $1200.20 with a loss of 0.32%. Silver chopped between $14.171 and $14.348 and ended with a loss of 0.28%.
Euro gold dropped to EUR1028, platinum gained $2 to $801, and copper remained at about $2.66.
Gold and silver equities waffled near unchanged and ended mixed.
U.S. consumer prices rise modestly; jobless claims near 49-year low Reuters
U.S. Core Inflation Unexpectedly Cools as Apparel Costs Fall Bloomberg
Fed says it whipped U.S. unemployment, maybe too well Reuters
Jobless claims fall slightly to 203,000 and stick to 49-year low MarketWatch
The Markets:
Oil fell 2.5% "as an industry report showed global supplies at a record and Hurricane Florence weakened ahead of its expected landfall on the East Coast."
The U.S. dollar index dropped on tame inflation data that held treasuries near unchanged.
The Dow, Nasdaq, and S&P rose on easing trade tensions.
Among the big names making news in the market today were Target, Walmart, Kroger, GM, Salesforce, Nvidia, and Apple.
GATA Posts:
Metals price suppression aims at all commodities, GATA's Ed Steer says
Head of Russian bank warns customers they may not get dollars back
USAGold's News & Views September newsletter is up
The Statistics:
As of close of business: 9/12/2018
Gold Warehouse Stocks: | 8,326,629.530 | - |
Silver Warehouse Stocks: | 293,166,073.249 | -60,892.95 |
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 | 745.176 | 23,958,156 | US$28,980m |
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$5,339m |
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$5,906m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.30: +0.69 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,377.90: No change from yesterday's data.
Newmont's ranking as the Metals and Mining sector leader by the Dow Jones Sustainability World Index, Barrick's (ABX) decentralization push, and Minco Silver's (MSV.TO) preliminary agreement to acquire 70% of the equity interests in Changling Longxin Mining Co., Ltd were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +6.34% $2.18 |
2. Americas Silver | USAS +4.19% $2.24 |
3. Paramount | PZG +2.42% $1.06 |
LOSERS
1. EMX Royalty | EMX -9.68% $1.12 |
2. NovaGold | NG -3.20% $3.63 |
3. Hecla | HL -3.06% $2.85 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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