-- Published: Monday, 22 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1222.80 | -$3.60 |
Silver | $14.57 | -$0.06 |
XAU | 69.04 | -1.50% |
HUI | 153.48 | -1.35% |
GDM | 553.54 | -0.98% |
JSE Gold | 1165.95 | -28.97 |
USD | 96.03 | +0.31 |
Euro | 114.69 | -0.41 |
Yen | 88.80 | -0.32 |
Oil | $69.36 | +$0.08 |
10-Year | 3.197% | +0.001 |
T-Bond | 137.75 | +0.03125 |
Dow | 25317.41 | -0.50% |
Nasdaq | 7468.63 | +0.26% |
S&P | 2755.88 | -0.43% |
The Metals:
Gold saw slight gains in Asia before it drifted down to $1220.50 by midmorning in New York and then bounced back higher into the close, but it still ended with a loss of 0.29%. Silver slipped to as low as $14.519 and ended with a loss of 0.41%.
Euro gold remained above €1066, platinum lost $13.50 to $818.50, and copper stayed at $2.77.
Gold and silver equities fell over 2% in the first hour of trade before they chopped back higher at times, but they still ended roughly 1% lower on the day.
The Economy:
Cramer: Powell will hike rates in December, then stop: 'He's going to blink' CNBC
Chicago Fed: National Activity Index (CFNAI) decreased to 0.17 in September from 0.27 in August fxstreet
Trump’s ‘major’ tax promise is a sign that even he recognizes the 2017 tax cuts didn’t resonate with voters MarketWatch
Tomorrow brings fedspeak.
The Markets:
Oil turned slightly higher at the close as November’s contract expired and gave way to December.
The U.S. dollar index rose as the euro and pound fell on concerns over Italy’s budget and Brexit.
Treasuries held near unchanged while the Dow, Nasdaq, and S&P traded mixed on earnings uncertainty.
Among the big names making news in the market today were Netflix, Wells Fargo, KKR, and Hasbro.
GATA Posts:
Equity Management Associates: Reversion to mean would send monetary metals soaring
The Statistics:
As of close of business: 10/19/2018
Gold Warehouse Stocks: | 8,101,421.184 | - |
Silver Warehouse Stocks: | 288,721,974.011 | -22,638.865 |
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 | 745.817 | 23,978,746 | US$29,302m |
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$5,422m |
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$5,992m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.942 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,389.79: No change from yesterday’s data.
The Miners:
WINNERS
1. Pretivm | PVG +1.13% $8.07 |
2. Fortuna | FSM +0.98% $4.13 |
3. Silvercorp | SVM +0.63% $2.39 |
LOSERS
1. Kinross | KGC -3.75% $2.82 |
2. IAMGOLD | IAG -3.52% $3.84 |
3. Alamos | AGI -3.25% $4.46 |
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: Monday, 22 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower
