Gold Seeker Closing Report: Gold Gains While Silver Dips
| Close | Gain/Loss |
Gold | $1190.20 | +$6.00 |
Silver | $14.75 | -$0.06 |
XAU | 66.11 | +0.29% |
HUI | 143.06 | +0.44% |
GDM | 524.20 | +1.01% |
JSE Gold | 912.74 | -18.75 |
USD | 95.85 | -0.27 |
Euro | 113.95 | -0.47 |
Yen | 90.98 | +0.41 |
Oil | $66.43 | +$0.52 |
10-Year | 2.852% | -0.010 |
T-Bond | 145.50 | +0.96875 |
Dow | 25758.69 | +0.35% |
Nasdaq | 7821.01 | +0.06% |
S&P | 2857.05 | +0.24% |
The Metals:
Gold gained $5.60 to $1189.80 in Asia before it drifted back to $1184.80 it late morning New York trade, but it then jumped to a new session high of $1190.90 in afternoon trade and ended with a gain of 0.51%. Silver climbed up to $14.845 before it fell back to $14.645 and then also bounced back higher, but it still ended with a loss of 0.41%.
Euro gold climbed above EUR1037, platinum gained $2.50 to $790.50, and copper remained at about $2.67.
Gold and silver equities chopped near unchanged and ended with modest gains.
Trump Complains to Donors in the Hamptons About Powell's Rate Hikes Bloomberg
Trump ramps up criticism of Powell's interest-rate policy: reports MarketWatch
When economists become demagogues MarketWatch
Call of the day: A 'Lehman-like episode' could usher in 'epic economic crisis' MarketWatch
With record in view, aging U.S. bull market may still be frisky Reuters
There are no major economic reports due out tomorrow.
The Markets:
Oil rose almost 1% on continued concerns about Iran.
The U.S. dollar index reversed overnight gains and ended lower on Trump's comments about fed policy that sent treasuries higher.
The Dow, Nasdaq, and S&P mostly rose on economic optimism.
Among the big names making news in the market today were Nike, Pepsi, Lannett, and Tesla.
GATA Posts:
In protest Turks slice up only one-dollar bills, not twenties
Venezuela launches crypto-pegged forex rate, devaluing by 96 percent
The Statistics:
As of close of business: 8/17/2018
Gold Warehouse Stocks: | 8,476,117.084 | - |
Silver Warehouse Stocks: | 288,296,182.684 | +328,061.98 |
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 | 772.236 | 24,828,146 | US$29,399m |
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$427m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.177 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday's data.
WINNERS
1. B2Gold | BTG +8.80% $2.35 |
2. Gold Standard | GSV +8.45% $1.54 |
3. Sibanye | SBGL +6.67% $2.24 |
LOSERS
1. NovaGold | NG -3.45% $3.64 |
2. Seabridge | SA -2.70% $10.80 |
3. Coeur | CDE -1.78% $5.52 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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