-- Published: Friday, 28 September 2018 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1191.70 | +$7.40 | -0.61% |
Silver | $14.62 | +$0.36 | +2.24% |
XAU | 65.18 | +0.91% | -1.29% |
HUI | 141.07 | +0.79% | -1.26% |
GDM | 515.54 | +0.78% | -1.35% |
JSE Gold | 996.28 | +12.15 | -3.87% |
USD | 95.15 | +0.21 | +1.00% |
Euro | 116.12 | -0.31 | -1.22% |
Yen | 88.16 | -0.13 | -0.79% |
Oil | $73.25 | +$1.13 | +3.49% |
10-Year | 3.055% | +0.001 | -0.26% |
Bond | 140.5625 | -0.09375 | +0.09% |
Dow | 26458.31 | +0.07% | -1.07% |
Nasdaq | 8046.35 | +0.05% | +0.74% |
S&P | 2913.98 | -0.00% | -0.54% |
The Metals:
Gold dropped $3.40 to $1180.90 in Asia, but it then jumped up to as high as $1193.60 by late morning in New York and ended with a gain of 0.62%. Silver surged to as high as $14.714 and ended with a gain of 2.52%.
Euro gold rose above €1026, platinum gained $5 to $814, and copper climbed 3 cents to about $2.80.
Gold and silver equities rose roughly 1% in the first 30 minutes of trade and remained near that level for the rest of the day.
The Economy:
September consumer sentiment tops triple digit mark for only the third time since January 2004 CNBC
U.S. consumer spending rises; monthly inflation slows Reuters
Chicago PMI falls to five-month low in September MarketWatch
The Markets:
Oil gained almost 2% on signs of tighter global supplies.
The U.S. dollar index rose “after the Italian government’s deficit target sparked a selloff in the country’s bonds and weighed on the euro.”
Treasuries edged lower as the Dow, Nasdaq, and S&P waffled near unchanged on mixed economic data.
Among the big names making news in the market Friday were JC Penny, Honda, Blackberry, and Tesla.
GATA Posts:
Ted Butler: What disconnect?
JPMorgan's Marko Kolanovic says dollar hegemony is now at risk
Peter Hambro returns to Russian gold miner Petropavlovsk
Judge sides with CFTC on virtual currency oversight
The Statistics:
Activity from: 9/27/2018
Gold Warehouse Stocks: | 8,331,574.891 | -1,157.836 |
Silver Warehouse Stocks: | 289,681,227.154 | +600,172.978 |
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$28,323m |
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$5,297m |
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$5,851m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$428m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.59.
Silver Trust (SLV) Total Tonnes in Trust: 10,358.91.
The Miners:
Randgold’s (GOLD) comments on Kibaali Goldmines SA and Freeport’s (FCX) Divestment Agreement were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. B2Gold | BTG +5.99% $2.30 |
2. Tahoe Resources | TAHO +3.72% $2.79 |
3. First Majestic | AG +3.09% $5.68 |
LOSERS
1. Paramount | PZG -5.36% $1.06 |
2. Alexco | AXU -2.83% $1.03 |
3. EMX Royalty | EMX -1.61% $1.22 |
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: Friday, 28 September 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Dips While Silver Rises on the Week
