-- Published: Friday, 10 August 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1211.40 | -$0.60 | -0.17% |
Silver | $15.32 | -$0.12 | -0.65% |
XAU | 73.87 | -0.78% | -2.92% |
HUI | 159.92 | UNCH | -2.89% |
GDM | 573.24 | -0.86% | -2.44% |
JSE Gold | 1101.10 | +46.95 | +2.21% |
USD | 96.35 | +0.75 | +1.24% |
Euro | 114.13 | -1.17 | -1.37% |
Yen | 90.23 | -0.05 | +0.37% |
Oil | $67.63 | +$0.82 | -1.26% |
10-Year | 2.871% | -0.055 | -2.74% |
Bond | 144.34375 | +1.0625 | +0.96% |
Dow | 25313.14 | -0.77% | -0.59% |
Nasdaq | 7839.11 | -0.67% | +0.35% |
S&P | 2833.28 | -0.71% | -0.25% |
The Metals:
Gold dipped $6.20 to $1205.80 in Asia before it rallied up to $1217.00 by late morning in New York, but it then fell back off into midday and ended with a loss of 0.05%. Silver slipped to as low as $15.296 and ended with a loss of 0.78%.
Euro gold jumped above €1062, platinum lost $9.50 to $827, and copper dropped a penny to about $2.74.
Gold and silver equities saw slight gains for most of the morning, but they then edged back lower into the close and ended with modest losses on the day.
The Economy:
Federal budget deficit increases 79% in July MarketWatch
Did Powell & Co. trigger the emerging-market carnage? A look at what’s going on in Turkey, Argentina and elsewhere MarketWatch
Core inflation in July was the hottest of the cycle, CPI shows MarketWatch
The Markets:
Oil rose over 1% after the IEA raised its forecast for global oil demand growth.
The U.S. dollar index jumped higher along with treasuries while the Dow, Nasdaq, and S&P dropped “as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets.”
Among the big names making news in the market Friday were GE, Tesla, Dropbox, and Intel.
GATA Posts:
David Brady at Sprott Money: No bottom in gold until trade war ends
Currency comptroller brushes off GATA's inquiry on gold, silver EFPs
GATA figures heavily in 'Codes and Conspiracies' TV program on gold
Ted Butler: Silver's next run to $50 and beyond
The Statistics:
Activity from: 8/9/2018
Gold Warehouse Stocks: | 8,641,419.507 | - |
Silver Warehouse Stocks: | 287,191,873.874 | +593,190.183 |
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$30,688m |
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: No change in Total Tonnes from yesterday’s data.
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:
Second quarter results from Pretivm (PVG), Alio Gold (ALO), ITH (THM), Seabridge (SA), Golden Minerals (AUMN), and Silvercorp (SVM) were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Pretivm | PVG +19.07% $9.24 |
2. Seabridge | SA +7.49% $12.20 |
3. Endeavour Silver | EXK +3.28% $2.52 |
LOSERS
1. Alio Gold | ALO -16.67% $1.05 |
2. Americas Silver | USAS -6.02% $2.50 |
3. Silvercorp | SVM -4.90% $2.72 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 10 August 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
