Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 3% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - August 17, 2018
By: GoldSeek.com

Why the uranium price must go up
By: Richard (Rick) Mills

Gold Miners’ Q2’18 Fundamentals
By: Adam Hamilton, CPA

“Printing Money” and Cocaine
By: Gary Christenson

The next major gold rally
By: Steven Saville

What Gold is Not
By: Gary Tanashian

Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”
By: John Rubino

Will Erdogan Save Turkey and Help Gold?
By: Arkadiusz Sieron

This Week’s Golden Nuggets
By: GoldCore

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Fall Over 1% as Dollar Jumps
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 11 July 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1242.20

-$13.30

Silver

$15.80

-$0.26

XAU

80.98

-3.06%

HUI

174.53

-2.88%

GDM

613.40

-2.55%

JSE Gold

1072.36

-5.43

USD

94.74

+0.60

Euro

116.75

-0.72

Yen

89.27

-0.65

Oil

$70.38

-$3.73

10-Year

2.840%

-0.023

T-Bond

145.46875

+0.46875

Dow

24700.45

-0.88%

Nasdaq

7716.61

-0.55%

S&P

2774.02

-0.71%

 
http://www.goldseek.com/news/2018/2018-07-11_14-01-54.jpg

 

The Metals:

 

Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%. Silver slipped to as low as $15.78 and ended with a loss of 1.62%.

 

Euro gold fell to about €1064, platinum lost $18 to $827, and copper dropped 8 cents to about $2.74.

 

Gold and silver equities fell roughly 3% by midday and remained near that level for the rest of the day.

 

The Economy:

 

U.S. May wholesale inventories revised higher  Reuters

Maybe the labor market isn't so tight after all  MarketWatch

Services, motor vehicles lift U.S. producer prices in June  Reuters

 

Tomorrow brings Weekly jobless claims and CPI.

 

The Markets:

 

Oil fell over 5% as the U.S. dollar index rose along with treasuries on renewed trade tensions that sent the Dow, Nasdaq, and S&P almost 1% lower.

 

Among the big names making news in the market today were Papa John’s, Fox, Uber, Credit Suisse, Pfizer, and Tilray.

 

GATA Posts:

 

 

Most South African gold mines are unprofitable but owners, unions, government don't care why

Ed Steer: Dollar 'rally' appeared in nick of time Monday

 

The Statistics:

As of close of business: 7/10/2018

Gold Warehouse Stocks:

8,754,555.481

-

Silver Warehouse Stocks:

279,532,844.187

-12,084.117

 

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® Gold Shares

799.018

25,689,236

US$32,144m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,538m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,119m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.752 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.37: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,113.38: No change from yesterday’s data.

 

The Miners:

 

B2Gold’s (BTG) second quarter gold production, Eldorado’s (EGO) Executive Vice President and Chief Financial Officer appointment, and Avino’s (ASM) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  McEwen

MUX +0.90% $2.24

2.  Paramount

PZG +0.82% $1.23

 

LOSERS

1.  Taseko

TGB -6.36% $1.03

2.  Pan American

PAAS-5.90% $16.76

3.  Hecla

HL -5.79% $3.42

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:

© 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.

 


| Digg This Article
 -- Published: Wednesday, 11 July 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.