Gold Seeker Closing Report: Gold and Silver Gain While Dollar Drops
| Close | Gain/Loss |
Gold | $1200.50 | +$6.40 |
Silver | $14.17 | +$0.11 |
XAU | 64.95 | +2.51% |
HUI | 140.57 | +2.25% |
GDM | 510.05 | +1.88% |
JSE Gold | 1029.79 | +23.49 |
USD | 94.50 | -0.47 |
Euro | 116.88 | +0.61 |
Yen | 89.34 | +0.04 |
Oil | $68.91 | -$0.08 |
10-Year | 2.993% | UNCH |
T-Bond | 142.625 | +0.09375 |
Dow | 26062.12 | -0.35% |
Nasdaq | 7895.79 | -1.43% |
S&P | 2888.80 | -0.56% |
The Metals:
Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $14.246 and ended with a gain of 0.78%.
Euro gold remained at EUR1027, platinum gained $3 to $797, and copper climbed 4 cents to about $2.64.
Gold and silver equities rose roughly 2% in the first hour of trade and remained near that level for the rest of the day.
Trump says he will announce decision on China tariffs after market close Reuters
Manufacturers grow at slower but still rapid pace in September, Fed's Empire survey shows MarketWatch
Trump set to slap $200 billion in tariffs on Chinese goods: WSJ CNBC
Tomorrow brings the home builders' index.
The Markets:
Oil edged lower and the U.S. dollar index fell markedly on lingering trade tensions that sent treasuries higher and the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were Bed Bath & Beyond, Coke, Time, and Tyson Foods.
GATA Posts:
Shanghai Gold Exchange begins trading Chinese panda gold coins
Barrick increasingly seems to be a Chinese tool
Join GATA in New Orleans in November and you can't lose
The Statistics:
As of close of business: 9/14/2018
Gold Warehouse Stocks: | 8,331,773.690 | -22,923.663 |
Silver Warehouse Stocks: | 293,337,752.737 | +804,122.869 |
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 | 742.527 | 23,872,975 | US$28,688m |
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$5,343m |
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$5,905m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$431m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.72: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday's data.
AngloGold's (AU) wage deal, Coeur's (CDE) fatal accident, and Alexco's (AXU) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. New Gold | NGD +10.1% $1.09 |
2. Tahoe Resources | TAHO +9.33% $2.93 |
3. Gold Standard | GSV +8.00% $1.62 |
LOSERS
1. Buenaventura | BVN-4.57% $12.32 |
2. DRDGOLD | DRD -3.30% $2.05 |
3. EMX Royalty | EMX -3.07% $1.12 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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