Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%
| Close | Gain/Loss | On Week |
Gold | $1248.40 | +$10.10 | +2.19% |
Silver | $14.63 | +$0.25 | +3.25% |
XAU | 67.94 | +2.40% | +5.40% |
HUI | 153.93 | +2.58% | +6.13% |
GDM | 560.05 | +2.34% | +5.32% |
JSE Gold | 1201.13 | -0.09 | +9.31% |
USD | 96.60 | -0.14 | -0.61% |
Euro | 114.10 | +0.24 | +0.80% |
Yen | 88.80 | +0.01 | +0.67% |
Oil | $52.61 | +$1.12 | +3.30% |
10-Year | 2.856% | -0.031 | -4.86% |
Bond | 143.90625 | +0.34375 | +2.27% |
Dow | 24388.95 | -2.24% | -4.50% |
Nasdaq | 6969.25 | -3.05% | -4.93% |
S&P | 2633.08 | -2.33% | -4.60% |
The Metals:
Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1250 with a gain of 0.82%. Silver rose to as high as $14.645 and ended with a gain of 1.04%.
Euro gold rose above EUR1094, platinum gained $4 to $791, and copper remained at about $2.75.
Gold and silver equities traded about 1% higher for most of the morning before they more than doubled their gains in early afternoon trade and then dipped slightly into to close, but they still ended about 2.5% higher on the day.
Fed policymakers signal turning point on U.S. rate-hike path Reuters
Trump signs bill to delay government shutdown, sets up border wall fight CNBC
Consumer sentiment index holds near highs in December MarketWatch
U.S. October wholesale inventories revised higher Reuters
US created 155,000 jobs in November, vs 198,000 expected CNBC
U.S. job growth slows; monthly wage gains miss expectations Reuters
The Markets:
Oil rose over 2% after OPEC finally arrived at an output cut of 1.2 million bpd.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped over 2% on continued concerns over trade and slowing economic growth.
Among the big names making news in the market Friday were JPMorgan, Cronos, and GE.
GATA Posts:
London metals trader told CFTC, Justice about JPM's market rigging 7 years ago
Ireland's central bank says its gold transactions are too 'sensitive' to disclose
NYSE accused of letting Morgan Stanley make after-hours trades
Central banks fear they might not rule the world forever
Maduro says Russia will invest billions in Venezuela's oil and gold production
Venezuelan officials seek meeting with Bank of England over gold repatriation, sources tell Reuters
Brandon White: Arctic trails, winter gales, and gold's secret tales
The Statistics:
Activity from: 12/6/2018
Gold Warehouse Stocks: | 8,246,046.616 | +64,757.774 |
Silver Warehouse Stocks: | 296,370,196.664 | +747,973.81 |
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 | 758.214 | 24,377,329 | US$30,296m |
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$5,531m |
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$6,117m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$448m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.17: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: -87.61 change from yesterday's data.
WINNERS
1. Americas Silver | USAS +7.25% $1.405 |
2. Endeavour Silver | EXK +7.07% $1.97 |
3. Alamos | AGI +6.82% $3.60 |
LOSERS
1. Freeport | FCX -2.06% $10.92 |
2. EMX Royalty | EMX -1.74% $1.13 |
3. Turquoise | TRQ -1.14% $1.74 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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