-- Published: Thursday, 9 August 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1212.00 | -$1.50 |
Silver | $15.44 | +$0.02 |
XAU | 74.46 | +0.09% |
HUI | 159.92 | -0.36% |
GDM | 577.95 | +0.04% |
JSE Gold | 1054.15 | -3.56 |
USD | 95.60 | +0.50 |
Euro | 115.30 | -0.85 |
Yen | 90.28 | +0.22 |
Oil | $66.81 | -$0.13 |
10-Year | 2.926% | -0.037 |
T-Bond | 143.4375 | +0.8125 |
Dow | 25509.23 | -0.29% |
Nasdaq | 7891.78 | +0.04% |
S&P | 2853.58 | -0.14% |
The Metals:
Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%.
Euro gold rose above €1051, platinum gained $7.50 to $836.50, and copper climbed a penny to about $2.75.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
U.S. weekly jobless claims unexpectedly fall; core PPI rises in July Reuters
U.S. jobless claims decline for first time in three weeks MarketWatch
U.S. June wholesale inventories revised higher Reuters
Tomorrow brings CPI and the Federal budget.
The Markets:
The U.S. dollar index rose as the ruble fell markedly after a “draft Senate bill proposing tough new sanctions for Russia’s role in interfering in the 2016 U.S. presidential election was published Wednesday by local Russian newspaper The Kommersant.”
Oil edged lower on continued concerns about a trade war that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market today were Yelp, Spotify, Maersk, Samsung, GM, Comcast, Tribune, and Booking Holdings.
The Statistics:
As of close of business: 8/8/2018
Gold Warehouse Stocks: | 8,641,419.507 | - |
Silver Warehouse Stocks: | 286,598,683.691 | +764,381.96 |
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 | 786.076 | 25,273,124 | US$30,687m |
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 1.456 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,215.81: No change from yesterday’s data.
The Miners:
Randgold’s (RAND) second quarter results, Nevsun’s (NSU) rejected offer, Avino’s (ASM) second quarter results, Alexco’s (AXU) drill results, and Hecla’s (HL) second quarter results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pan American | PAAS +8.98% $17.36 |
2. Hecla | HL +8.36% $3.11 |
3. Americas Silver | USAS +5.14% $2.66 |
LOSERS
1. Fortuna | FSM -4.65% $4.72 |
2. New Gold | NGD -4.20% $1.14 |
3. IAMGOLD | IAG -3.65% $5.02 |
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: Thursday, 9 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Mixed
