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Gold Seeker Closing Report: Gold and Silver End Higher in Mixed Trade
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 8 August 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1213.50

+$3.30

Silver

$15.42

+$0.06

XAU

74.39

+0.31%

HUI

160.51

+0.27%

GDM

578.03

+0.24%

JSE Gold

1054.15

-3.56

USD

95.10

-0.09

Euro

116.15

+0.15

Yen

90.06

+0.32

Oil

$66.94

-$2.23

10-Year

2.963%

-0.010

T-Bond

142.65625

+0.0625

Dow

25583.75

-0.18%

Nasdaq

7888.33

+0.06%

S&P

2657.70

-0.03%

 
http://www.goldseek.com/news/2018/2018-08-08_14-02-57.jpg

 

The Metals:

 

Gold gained $5.30 to $1215.50 in Asia before it dropped back to $1206.60 in London, but it then bounced back higher in New York trade and ended with a gain of 0.27%. Silver chopped between $15.454 and $15.283 and ended with a gain of 0.39%.

 

Euro gold climbed back above €1045, platinum lost $5.50 to $829, and copper remained at about $2.74.

 

Gold and silver equities waffled near unchanged and ended slightly higher.

 

The Economy:

 

Home prices rise at the fastest pace in more than four years, defying expectations of a pullback  MarketWatch

How India, China and EU weigh in on US' sanctions on Iran  Times of India

Fed’s Barkin says interest rates need to rise to ‘normal’ levels  MarketWatch

 

Tomorrow brings Weekly jobless claims, PPI, and Wholesale inventories.

 

The Markets:

 

Oil fell over 3% after the Energy Information Administration reported that crude inventories fell just 1.351 million barrels, gasoline inventories rose 2.9 million barrels, and distillates rose 1.2 million barrels.

 

The U.S. dollar index erased early gains and ended lower while treasuries turned higher on heightened trade war concerns that held the Dow, Nasdaq, and S&P near unchanged.

 

Among the big names making news in the market today were Tesla, Walmart, CVS, New York Times, Mylan, Glencore, and Novo Nordisk.

 

GATA Posts:

 

 

Robert Lambourne: BIS gold market intervention increased by 17% in July

 

The Statistics:

As of close of business: 8/7/2018

Gold Warehouse Stocks:

8,641,419.507

-

Silver Warehouse Stocks:

285,834,301.731

-271,540.358

 

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

787.532

25,319,952

US$30,612m

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$5,424m

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$6,007m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$435m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.178 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: -0.46 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,215.81: -58.5 change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) new President and Chief Executive Officer and Gold Fields’ (GFI) first half earnings per share were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Harmony

HMY +3.09% $1.67

2.  Eldorado

EGO +2.91% $1.06

3.  B2Gold

BTG +2.49% $2.47

 

LOSERS

1.  Endeavour Silver

EXK -4.37% $2.41

2.  Alio Gold

ALO -3.15% $1.23

3.  Great Panther

GPL -2.83% $1.03

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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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.

 


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 -- Published: Wednesday, 8 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

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