Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Nearly 1% and 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1221.90 | +$8.60 | +0.99% |
Silver | $14.41 | +$0.12 | +1.69% |
XAU | 66.08 | +1.67% | +2.99% |
HUI | 148.56 | +1.47% | +3.59% |
GDM | 539.56 | +1.49% | +1.88% |
JSE Gold | 1121.57 | +12.92 | +2.14% |
USD | 96.44 | -0.61 | -0.47% |
Euro | 114.17 | +0.83 | +0.69% |
Yen | 88.65 | +0.41 | +0.70% |
Oil | $56.46 | UNCH | -6.20% |
10-Year | 3.071% | -0.042 | -3.73% |
Bond | 139.59375 | +0.8125 | +1.25% |
Dow | 25413.22 | +0.49% | -2.22% |
Nasdaq | 7247.87 | -0.15% | -2.15% |
S&P | 2736.27 | +0.22% | -1.61% |
The Metals:
Gold jumped up to $1225.30 in midmorning New York trade before it pared back into midday, but it still ended with a gain of 0.71%. Silver rose to as high as $14.419 and ended with a gain of 0.84%.
Euro gold remained above EUR1070, platinum gained $4 to $843, and copper climbed 5 cents to about $2.80.
Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.
Industrial production inches up in October as Fed finds record mining output MarketWatch
Student delinquencies up as U.S. household debt hits another record Reuters
Fed's No.2 Clarida says there are signs global growth is slowing but doesn't think rate hikes are too rapid MarketWatch
U.S. manufacturing production rises steadily in October Reuters
The Markets:
Oil closed unchanged as oversupply concerns were offset by talk of output cuts.
The U.S. dollar index fell markedly and treasuries rose after "Federal Reserve Vice Chairman Richard Clarida on Friday morning said he sees 'signs of slowing growth' and that sluggish expansion in the globe will be factored in the central bank's calculus as it attempts to normalize interest-rate policy."
The Dow, Nasdaq, and S&P traded mixed as optimism over trade talks with China countered disappointing tech results.
Among the big names making news in the market Friday were Airbnb, BlackBerry, VW, Nordstrom, PG&E, Nvidia, and Cisco.
GATA Posts:
Brandon White: Gold remonetization is much closer than many realize
Bank of England's withholding Venezuela's gold may signal shortage in London, Murphy says
The Statistics:
Activity from: 11/15/2018
Gold Warehouse Stocks: | 8,026,061.729 | - |
Silver Warehouse Stocks: | 294,222,643.104 | +1,202,733.668 |
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$29,909m |
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$5,995m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$438m |
Note: No change in Total Tonnes from yesterday's data.
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.
WINNERS
1. Golden Star | GSS +8.42% $3.22 |
2. Gold Standard | GSV +5.83% $1.27 |
3. Wheaton | WPM +4.67% $16.13 |
LOSERS
1. Tahoe Resources | TAHO -3.24% $3.29 |
2. Turquoise | TRQ -1.02% $1.94 |
3. Americas Silver | USAS-0.98%$1.515 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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