Gold Seeker Closing Report: Gold and Silver Jump 1%
| Close | Gain/Loss |
Gold | $1211.90 | +$10.20 |
Silver | $14.15 | +$0.16 |
XAU | 63.53 | +2.74% |
HUI | 143.45 | +3.61% |
GDM | 522.86 | +1.78% |
JSE Gold | 1080.74 | -2.00 |
USD | 96.92 | -0.27 |
Euro | 113.20 | +0.31 |
Yen | 88.15 | +0.29 |
Oil | $56.25 | +$0.56 |
10-Year | 3.122% | -0.018 |
T-Bond | 138.96875 | +0.375 |
Dow | 25080.50 | -0.81% |
Nasdaq | 7136.39 | -0.90% |
S&P | 2701.58 | -0.76% |
The Metals:
Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot back up in New York and ended near its early afternoon high of $1216.30 with a gain of 0.85%. Silver slipped to as low as $13.894 in London, but it then climbed to as high as $14.19 in New York and ended with a gain of 1.14%.
Euro gold rose above EUR1070, platinum lost $3 to $833, and copper climbed a couple of cents to about $2.71.
Gold and silver equities rose roughly 3% by about 1PM EST and remained near that level for the rest of the day.
Alan Greenspan says he is seeing 'the first signs' of inflation CNBC
China always promises to stop cheating on trade, but never does MarketWatch
Consumer inflation posts biggest jump in nine months on higher cost of gas, rent, used cars, CPI shows MarketWatch
U.S. consumer prices post biggest gain in nine months Reuters
The Markets:
Oil gained 1% ahead of tomorrow's inventory report.
The U.S. dollar index fell as the euro and pound rose on Brexit hopes and optimism over the resubmission of Italy's 2019 budget.
Treasuries climbed higher as the Dow, Nasdaq, and S&P erased notable morning gains and ended almost 1% lower on economic uncertainty.
Among the big names making news in the market today were Apple, PG&E, Blue Apron, Canopy Growth, Tilray, SurveyMonkey, and Walmart.
GATA Posts:
What a world: 'Sultan of Coins' is hanged but Jamie Dimon and Blythe Masters live
Times of India celebrates central bank's buying gold, selling treasuries
The Statistics:
As of close of business: 11/13/2018
Gold Warehouse Stocks: | 8,023,872.749 | - |
Silver Warehouse Stocks: | 293,019,909.436 | +248,491.449 |
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 | 761.155 | 24,471,888 | US$29,441m |
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$5,341m |
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$5,903m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$435m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 0.844 tonnes
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday's data.
Paramount's (PZG) acquired project, Royal Gold's (RGLD) dividend, Pan American's (PAAS) acquisition of Tahoe Resources (TAHO), and Alexco's (AXU) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Tahoe Resources | TAHO +48.64% $3.27 |
2. Golden Star | GSS +15.23% $2.95 |
3. Endeavour Silver | EXK +7.82% $1.93 |
LOSERS
1. Pan American | PAAS-10.4%$12.66 |
2. Silvercorp | SVM -8.29% $1.88 |
3. IAMGOLD | IAG -3.40% $2.84 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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