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Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 19 October 2018 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1226.40

+$1.30

+0.69%

Silver

$14.63

+$0.06

+0.14%

XAU

70.09

+0.05%

+1.17%

HUI

155.58

+0.07%

+1.49%

GDM

558.84

+0.35%

+1.56%

JSE Gold

1194.92

-3.89

+3.52%

USD

95.72

-0.25

+0.46%

Euro

115.10

+0.51

-0.42%

Yen

89.12

-0.25

-0.07%

Oil

$69.12

+$0.47

-3.11%

10-Year

3.196%

+0.014

+1.36%

Bond

137.84375

-0.28125

-0.45%

Dow

25444.34

+0.26%

+0.41%

Nasdaq

7449.03

-0.48%

-0.64%

S&P

2767.78

-0.04%

+0.02%

 
http://www.goldseek.com/news/2018/2018-10-19_14-02-35.jpg

 

The Metals:

 

Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%.

 

Euro gold fell under €1066, platinum gained $11 to $832, and copper climbed 4 cents to about $2.77.

 

Gold and silver equities waffled near unchanged and ended slightly higher.

 

The Economy:

 

Mortgage rates retreat, but housing supply crunch won't let up  MarketWatch

Existing-home sales slump to a near 3-year low as buyers back out  MarketWatch

Fed's Bostic adds Khashoggi case to list of risks to the economic outlook  MarketWatch

 

The Markets:

 

Oil rose almost 1% over continued tension with Saudi Arabia.

 

The U.S. dollar index fell as the euro rebounded after “European Economic Affairs Commissioner Pierre Moscovici said Italy was strongly committed to the EU and the euro, and that Brussels was not going to interfere in Italian economic policies.”

 

Treasuries edged lower as the Dow, Nasdaq, and S&P traded mostly higher on mixed earnings reports.

 

Among the big names making news in the market Friday were State Street, eBay, PayPal, Procter & Gamble, Deutsche Bank, Daimler, and SolarWinds.

 

GATA Posts:

 

 

With gold rallying, you'll want to be at the New Orleans Investment Conference

 

The Statistics:

Activity from: 10/18/2018

Gold Warehouse Stocks:

8,101,421.184

-

Silver Warehouse Stocks:

288,744,612.876

+904,779.096

 

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$29,552m

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$5,452m

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$6,026m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$440m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: +1.20 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,389.79: +35.06 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Kinross

KGC +2.81% $2.93

2.  Gold Resource

GORO +2.23% $5.96

3.  Sandstorm

SAND +1.46% $4.16

 

LOSERS

1.  Americas Silver

USAS -3.96% $2.18

2.  Paramount

PZG -3.33% $1.16

3.  Turquoise

TRQ -2.69% $1.81

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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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.

 


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 -- Published: Friday, 19 October 2018 | E-Mail  | Print  | Source: GoldSeek.com

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