-- Published: Tuesday, 16 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1224.90 | -$0.50 |
Silver | $14.66 | -$0.03 |
XAU | 70.10 | -0.50% |
HUI | 155.32 | -0.36% |
GDM | 557.73 | -0.05% |
JSE Gold | 1214.12 | -37.98 |
USD | 95.06 | -0.02 |
Euro | 115.81 | UNCH |
Yen | 89.32 | +0.11 |
Oil | $71.92 | +$0.14 |
10-Year | 3.157% | +0.003 |
T-Bond | 138.53125 | +0.25 |
Dow | 25798.42 | +2.17% |
Nasdaq | 7645.49 | +2.89% |
S&P | 2809.92 | +2.15% |
The Metals:
Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.04%. Silver rose to as high as $14.845 and ended with a loss of 0.2%.
Euro gold remained at about €1058, platinum lost $1 to $843, and copper remained at $2.78.
Gold and silver equities saw slight gains for most of the morning before they fell to see nearly 2% losses by midafternoon, but they then bounced back higher in the last 90 minutes of trade and ended only modestly lower.
The Economy:
U.S. industrial output rises, but momentum slowing Reuters
U.S. Homebuilder Sentiment Unexpectedly Rises With Solid Demand Bloomberg
U.S. job openings hit record high of 7.14 million Reuters
Tomorrow brings Housing starts, Building permits, and FOMC minutes.
The Markets:
Oil ended slightly higher on continued tension with Saudi Arabia.
The U.S. dollar index held near unchanged along with treasuries while the Dow, Nasdaq, and S&P gained over 2% on upbeat earnings reports.
Among the big names making news in the market today were Adobe, Dollar Tree, UnitedHealth, Johnson & Johnson, Goldman Sachs, Morgan Stanley, and Walmart.
GATA Posts:
Ronan Manly: Hungary announces 10-fold increase in gold reserves
The Statistics:
As of close of business: 10/15/2018
Gold Warehouse Stocks: | 8,101,421.184 | -100.00 |
Silver Warehouse Stocks: | 289,313,984.295 | +1,136,235.08 |
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 | 748.759 | 24,073,355 | US$29,622m |
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$5,454m |
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$6,030m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$440m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 4.12 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.64: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,354.73: No change from yesterday’s data.
The Miners:
Comstock’s (LODE) assay results, Gold Resource’s (GORO) third quarter production, and Coeur’s (CDE) project acquisitions were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. DRDGOLD | DRD +4.35% $2.64 |
2. Coeur | CDE +3.59% $5.77 |
3. Gold Standard | GSV +2.94% $1.75 |
LOSERS
1. Americas Silver | USAS -6.25% $2.40 |
2. Sibanye | SBGL -3.53% $3.28 |
3. NovaGold | NG-3.02% $4.17 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 16 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Close Slightly Lower
