Gold Seeker Closing Report: Gold Dips While Silver Holds Steady
| Close | Gain/Loss |
Gold | $1269.50 | -$6.00 |
Silver | $16.30 | UNCH |
XAU | 81.25 | -0.52% |
HUI | 175.44 | -0.80% |
GDM | 611.50 | -0.75% |
JSE Gold | 1075.67 | +3.70 |
USD | 95.09 | +0.05 |
Euro | 115.83 | -0.01 |
Yen | 90.73 | -0.34 |
Oil | $66.22 | +$1.15 |
10-Year | 2.936% | +0.046 |
T-Bond | 144.50 | -0.4375 |
Dow | 24657.80 | -0.17% |
Nasdaq | 7781.51 | +0.72% |
S&P | 2767.32 | +0.17% |
The Metals:
Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade, but it then fell back off into the close and ended with a loss of 0.47%. Silver slipped to as low as $16.252 and ended unchanged on the day.
Euro gold fell to about EUR1096, platinum gained $1.50 to $867.50, and copper remained at about $3.04.
Gold and silver equities drifted lower in afternoon trade and ended with near 1% losses on the day.
Powell, Draghi express concern over trade wars MarketWatch
U.S. existing home sales fall for second straight month Reuters
US: Current-account deficit increased to $124.1 billion Q1 of 2018 from $116.1 billion fxstreet
A Trump trade war could push China to the brink MarketWatch
Tomorrow brings Weekly jobless claims, the Philly Fed, and Leading indicators.
The Markets:
Oil rose almost 2% after The Energy Information Administration reported that crude inventories fell 5.9 million barrels, gasoline inventories rose 3.3 million barrels, and distillates rose 2.7 million barrels.
The U.S. dollar index waffled near unchanged along with treasuries and the Dow, Nasdaq, and S&P as trade war concerns were offset by expectations for policy stimulus from China.
Among the big names making news in the market today were and Starbucks, PayPal, Oracle, and Walt Disney, Fox, and Comcast.
GATA Posts:
Gold Street is where South Africa's mining history goes to die
Cryptocurrencies fall as Korean exchange says $32 million of coins stolen
Tiny Asian nation hoards gold as shield against trade war
The Statistics:
As of close of business: 6/19/2018
Gold Warehouse Stocks: | 9,013,393.156 | +96.46 |
Silver Warehouse Stocks: | 272,794,465.342 | +622,084.56 |
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 | 828.759 | 26,645,429 | US$33,944m |
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$5,659m |
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$6,254m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 273.66: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,769.30: No change from yesterday's data.
Centerra Gold's (CG.TO) Strategic Agreement update and Avino's (ASM) exploration update were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +2.65% $1.16 |
2. Paramount | PZG +1.59% $1.28 |
3. AngloGold | AU +1.48% $8.22 |
LOSERS
1. Avino | ASM -4.69% $1.22 |
2. DRDGOLD | DRD -3.87% $2.73 |
3. Alexco | AXU -3.82% $1.26 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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