-- Published: Monday, 10 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1195.50 | -$0.60 |
Silver | $14.17 | +$0.02 |
XAU | 61.92 | -1.76% |
HUI | 133.98 | -1.65% |
GDM | 490.63 | -1.62% |
JSE Gold | 1010.15 | -8.61 |
USD | 95.16 | -0.23 |
Euro | 115.97 | +0.36 |
Yen | 89.97 | -0.18 |
Oil | $67.54 | -$0.21 |
10-Year | 2.937% | +0.001 |
T-Bond | 143.46875 | +0.125 |
Dow | 25857.07 | -0.23% |
Nasdaq | 7924.16 | +0.27% |
S&P | 2877.13 | +0.19% |
The Metals:
Gold fell $4.40 to $1191.70 in London before it rallied up to $1198.50 by midmorning in New York, but it then edged back lower into the close and ended with a loss of 0.05%. Silver chopped between $14.076 and $14.247 and ended with a gain of 0.14%.
Euro gold fell to about €1031, platinum gained $3.50 to $781.50, and copper remained at about $2.61.
Gold and silver equities drifted lower throughout trade and ended with almost 2% losses on the day.
The Economy:
Fed's Rosengren says yield curve is not an important indicator MarketWatch
China vows to respond if U.S. takes new steps on trade Reuters
Mortgage rates tick up again as Fannie, Freddie start a second decade in limbo MarketWatch
Tomorrow brings Job openings and Wholesale inventories.
The Markets:
Oil reversed early gains and ended modestly lower “on growing concerns that storms churning in the Atlantic will hurt energy demand on the U.S. East Coast.”
The U.S. dollar index traded mostly lower and treasuries edged higher ahead of this week’s Bank of England and ECB meetings.
The Dow, Nasdaq, and S&P held near unchanged as trade uncertainty was offset by hopes for tax cuts.
Among the big names making news in the market today were Hovnanian, Nike, Fred’s, Alibaba, VW, and CBS.
GATA Posts:
Pristine 5th-century gold coins found under Italian theater
Huge gold nuggets could save mining town in western Australia
When will Bloomberg do a story about the human costs of gold price suppression?
GATA Chairman Murphy discusses gold cartel in interview with Portfolio Wealth Global
Financial Times explains why it can't report gold price rigging
The Statistics:
As of close of business: 9/7/2018
Gold Warehouse Stocks: | 8,378,763.816 | - |
Silver Warehouse Stocks: | 296,236,449.099 | -75,478.364 |
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 | 745.443 | 23,966,736 | US$28,665m |
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$5,315m |
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$5,878m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$429m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.472 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 263.93: -0.74 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,348.67: No change from yesterday’s data.
The Miners:
Tanzanian Royalty’s (TRX) shelf registration statement, Newmont’s (NEM) investment in Orosur mining, and First Majestic’s (AG) option agreements were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +3.81% $1.09 |
2. Pretivm | PVG +2.95% $7.32 |
3. DRDGOLD | DRD +2.87% $2.15 |
LOSERS
1. Tahoe Resources | TAHO -5.63% $2.68 |
2. Pan American | PAAS-3.88%$14.38 |
3. Paramount | PZG -3.81% $1.01 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 10 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Mixed
