-- Published: Thursday, 6 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1199.70 | +$2.70 |
Silver | $14.16 | -$0.03 |
XAU | 62.91 | -0.25% |
HUI | 135.37 | -0.64% |
GDM | 496.78 | -0.39% |
JSE Gold | 1025.44 | +4.76 |
USD | 95.06 | -0.07 |
Euro | 116.26 | -0.06 |
Yen | 90.22 | +0.48 |
Oil | $67.77 | -$0.95 |
10-Year | 2.880% | -0.020 |
T-Bond | 144.3125 | +0.4375 |
Dow | 25995.87 | +0.08% |
Nasdaq | 7922.73 | -0.91% |
S&P | 2878.05 | -0.37% |
The Metals:
Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.
Euro gold rose above €1032, platinum gained $12 to $789, and copper climbed 2 cents to about $2.63.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
U.S. factory orders fall in July on weak aircraft demand Reuters
U.S. Service Industries Expanded in August by More Than Forecast Bloomberg
U.S. jobless claims fall to near 49-year low Reuters
ADP: U.S. creates 163,000 private-sector jobs in August MarketWatch
U.S. second-quarter productivity growth unrevised at 2.9 percent Reuters
Tomorrow brings August’s jobs data.
The Markets:
Oil fell over 1% after the Energy Information Administration reported that crude inventories fell 4.3 million barrels, gasoline inventories rose 1.8 million barrels, and distillates rose 3.1 million barrels.
The U.S. dollar index chopped near unchanged and ended slightly lower ahead of tomorrow’s jobs data.
Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on trade, economic, and political uncertainty.
Among the big names making news in the market today were Tesla, Ford, CBS, BioCryst, and Uber.
GATA Posts:
Fed rejects bank for being too safe
Alasdair Macleod: Apocalypse, or not?
Gold market intervention by BIS declines after $100 price plunge
Crazy rich Asians advised to increase gold holdings amid market turmoil
The Statistics:
As of close of business: 9/5/2018
Gold Warehouse Stocks: | 8,380,049.816 | -8,646.291 |
Silver Warehouse Stocks: | 295,295,828.359 | -61,579.30 |
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 | 746.915 | 24,014,062 | US$28,928m |
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$5,324m |
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$5,884m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$430m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.97: +0.72 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,255.10: -4.57 change from yesterday’s data.
The Miners:
McEwen’s (MUX) drill results and updates, Alamos Gold’s (AGI) updated National Instrument 43-101 compliant Mineral Reserve and Resource estimate, IMPCAT Silver’s (IPT.V) discovery, and Fortuna’s (FSM) infill drilling program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos Gold | AGI +3.37% $4.29 |
2. EMX Royalty | EMX +2.63% $1.17 |
3. B2Gold | BTG +2.20% $2.32 |
LOSERS
1. Pretivm | PVG -9.99% $6.94 |
2. Tahoe Resources | TAHO -4.76% $2.60 |
3. Alexco | AXU -3.30% $1.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 6 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Mixed Before Jobs Day
