-- Published: Tuesday, 23 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1230.10 | +$7.30 |
Silver | $14.73 | +$0.16 |
XAU | 69.50 | +0.68% |
HUI | 155.38 | +1.24% |
GDM | 558.63 | +0.91% |
JSE Gold | 1228.01 | +62.06 |
USD | 95.93 | -0.10 |
Euro | 114.71 | +0.02 |
Yen | 89.14 | +0.34 |
Oil | $66.43 | -$2.93 |
10-Year | 3.170% | -0.027 |
T-Bond | 138.125 | +0.3125 |
Dow | 25191.43 | -0.50% |
Nasdaq | 7437.54 | -0.42% |
S&P | 2740.69 | -0.55% |
The Metals:
Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.6%. Silver rose to as high as $14.806 and ended with a gain of 1.1%.
Euro gold rose above €1072, platinum gained $11.50 to $830, and copper dropped 2 cents to about $2.75.
Gold and silver equities jumped about 3% higher at the open before they fell back off into late morning, but they still ended roughly 1% higher on the day.
The Economy:
Former Fed Chairman Paul Volcker thinks 'we're in a hell of a mess' CNBC
Trump's trade war could pay off and revive American manufacturing MarketWatch
Volcker says he's already worried about next financial crisis MarketWatch
Tomorrow brings New home sales and the fed’s Beige Book.
The Markets:
Oil fell over 4% and the U.S. dollar index edged lower while treasuries rose on worries about a global slowdown that sent the Dow, Nasdaq, and S&P markedly lower at times, but stocks did end well off their lows.
Among the big names making news in the market today were Johnson & Johnson, Monsanto, Harley-Davidson, Caterpillar, 3M, and McDonald’s.
GATA Posts:
Don't count on geopolitical tensions to support gold, Lundin cautions
Looks like China will yield to U.S. sanctions on Iran
The Statistics:
As of close of business: 10/22/2018
Gold Warehouse Stocks: | 8,101,521.184 | +100.00 |
Silver Warehouse Stocks: | 289,267,270.990 | +545,296.979 |
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 | 747.876 | 24,044,970 | US$29,711m |
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$5,478m |
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$6,055m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.059
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,404.40: +14.61 change from yesterday’s data.
The Miners:
WINNERS
1. Alamos | AGI +6.05% $4.73 |
2. Gold Fields | GFI +5.99% $3.01 |
3. DRDGOLD | DRD +4.33% $2.65 |
LOSERS
1. Turquoise | TRQ -6.63% $1.69 |
2. Hecla | HL -3.86% $2.74 |
3. Freeport | FCX -3.25% $1.61 |
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, 23 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Shake
