-- Published: Wednesday, 19 September 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1203.50 | +$5.10 |
Silver | $14.24 | +$0.09 |
XAU | 66.69 | +1.97% |
HUI | 144.38 | +2.25% |
GDM | 521.55 | +1.96% |
JSE Gold | 1057.11 | +11.53 |
USD | 94.55 | -0.07 |
Euro | 116.73 | +0.05 |
Yen | 89.25 | +0.07 |
Oil | $71.12 | +$1.27 |
10-Year | 3.080% | +0.026 |
T-Bond | 141.0625 | -0.34375 |
Dow | 26405.76 | +0.61% |
Nasdaq | 7950.04 | -0.08% |
S&P | 2907.95 | +0.13% |
The Metals:
Gold gained $7.80 to $1206.20 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.43%. Silver rose to as high as $14.335 and ended with a gain of 0.64%.
Euro gold climbed to €1031, platinum gained $10 to $821, and copper remained at about $2.71.
Gold and silver equities rose roughly 2% in the first hour of trade and remained near that level for the rest of the day.
The Economy:
U.S. current-account deficit sinks 17% MarketWatch
‘Voodoo economics’ is about to kill this bull market, warns Nouriel Roubini MarketWatch
U.S. housing starts rise on jump in multi-family construction Reuters
Tomorrow brings Weekly jobless claims, the Philly Fed index, Existing home sales, and Leading economic indicators.
The Markets:
Oil rose almost 2% after the Energy Information Administration reported that crude inventories fell 2.1 million barrels, gasoline inventories fell 1.7 million barrels, and distillates rose 800,000 barrels.
The U.S. dollar index waffled near unchanged and ended slightly lower.
Treasuries fell on the continued outlook for higher interest rates after this morning’s upbeat housing data sent the Dow, Nasdaq, and S&P mostly higher.
Among the big names making news in the market today were Tilray, Hyundai, and Danske Bank.
GATA Posts:
Russian oil firm seeks alternative to dollars, Reuters says
China's premier insists it's not devaluing the yuan
Zimbabwe miner may pay suppliers in gold amid national cash shortage
The Statistics:
As of close of business: 9/18/2018
Gold Warehouse Stocks: | 8,270,816.984 | - |
Silver Warehouse Stocks: | 291,771,445.382 | -2,013,387.50 |
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 | 742.232 | 23,863,511 | US$28,709m |
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$5,344m |
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$5,909m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.295
COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.10: +0.38 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday’s data.
The Miners:
Upcoming Presentations at the Denver Gold Forum and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +5.79% $2.56 |
2. Buenaventura | BVN +4.36% $13.16 |
3. Alamos Fold | AGI +3.82% $4.62 |
LOSERS
1. Paramount | PZG -1.94% $1.01 |
2. DRDGOLD | DRD -1.49% $1.99 |
3. Gold Standard | GSV -1.16% $1.71 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Wednesday, 19 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain with Oil
