Gold Seeker Closing Report: Gold Holds Steady While Stocks Drop 2% More
| Close | Gain/Loss |
Gold | $1222.40 | -$0.80 |
Silver | $14.32 | -$0.10 |
XAU | 65.17 | -0.81% |
HUI | 147.19 | -0.73% |
GDM | 538.38 | -0.32% |
JSE Gold | 1143.65 | +2.03 |
USD | 96.81 | +0.60 |
Euro | 113.68 | -0.82 |
Yen | 88.76 | UNCH |
Oil | $53.43 | -$3.77 |
10-Year | 3.056% | +0.003 |
T-Bond | 139.90625 | +0.125 |
Dow | 24465.64 | -2.21% |
Nasdaq | 6908.82 | -1.70% |
S&P | 2641.89 | -1.82% |
The Metals:
Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to a new session low of $1220.00 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.07%. Silver edged up to $14.489 before it dropped back to $14.23 and then also rebounded, but it still ended with a loss of 0.69%.
Euro gold rose above EUR1075, platinum lost $10 to $840, and copper fell 4 cents to about $2.76.
Gold and silver equities fell nearly 3% in the first 45 minutes of trade, but they then climbed back close to unchanged at several points of trade and ended only modestly lower on the day.
US trade war with China won't be ending anytime soon: CNBC CFO survey CNBC
White House's Kudlow: Tax reform's next phase won't happen in 2018 Reuters
Goldman Sachs sees 'modest' emerging market rebound in 2019 Reuters
U.S. housing starts rise on multi-family segment Reuters
The Markets:
Oil fell nearly 7% on global economic concerns that sent the U.S. dollar index higher and the Dow, Nasdaq, and S&P roughly 2% lower. Treasuries held firm in a search for safety.
Among the big names making news in the market today were Deutsche Bank, Amazon, Renault, Campbell Soup, Kohl's, Best Buy, Lowe's, and Target.
GATA Posts:
Bitcoin-rigging criminal probe focused on tie to Tether
Bitcoin for payments a distant dream as use dries up
Next rally in monetary metals will be an explosion, GATA chairman says
The Statistics:
As of close of business: 11/19/2018
Gold Warehouse Stocks: | 8,015,760.647 | -9,658.082 |
Silver Warehouse Stocks: | 292,711,900.690 | -1,796,220.892 |
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 | 760.861 | 24,462,429 | US$29,911m |
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$5,433m |
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$6,008m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 1.177 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) mobilized drill rigs, Northern Dynasty's (NAK) Right-of-Way Agreement, and Silver Bull's (SVBL) completed Geophysical Survey were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Franco-Nevada | FNV +1.33% $68.35 |
2. Kinross | KGC +1.16% $2.61 |
3. Sibanye | SBGL +0.75% $2.68 |
LOSERS
1. Golden Star | GSS -9.87% $2.74 |
2. Coeur | CDE -5.68% $4.15 |
3. Freeport | FCX -5.47% $10.88 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.