-- Published: Thursday, 25 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1230.30 | -$2.30 |
Silver | $14.62 | -$0.05 |
XAU | 64.72 | -4.86% |
HUI | 143.41 | -6.05% |
GDM | 529.19 | -4.34% |
JSE Gold | 1200.51 | -9.70 |
USD | 96.63 | +0.26 |
Euro | 113.75 | -0.23 |
Yen | 89.02 | +0.02 |
Oil | $67.33 | +$0.51 |
10-Year | 3.124% | +0.020 |
T-Bond | 138.65625 | -0.125 |
Dow | 24984.55 | +1.63% |
Nasdaq | 7318.34 | +2.95% |
S&P | 2705.57 | +1.86% |
The Metals:
Gold gained $6.50 to $1239.10 in Asia before it dropped back to $1230.40 at about 4AM EST and then bounced back to gains in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.19%. Silver slipped to as low as $14.605 and ended with a loss of 0.34%.
Euro gold climbed to €1082, platinum lost $3.50 to $825, and copper remained at about $2.75.
Gold and silver equities fell roughly 5% by early afternoon and remained near that level for the rest of the day.
The Economy:
Pending home sales snap back in September after 4-month losing streak MarketWatch
U.S. business spending on equipment slowing; goods trade deficit rises Reuters
Jobless claims rise slightly on effects of Hurricane Michael MarketWatch
Tomorrow brings GDP and Consumer sentiment.
The Markets:
Oil rose almost 1% on relief over the stock market’s bounce back from notable losses.
The U.S. dollar index jumped higher as the euro and pound fell after the ECB’s policy update highlighted political risks and failed to emphasize next year’s expected interest rate hike.
Treasuries fell as the Dow, Nasdaq, and S&P cut into yesterday’s losses on mostly better than expected earnings reports.
Among the big names making news in the market today were AMD, American Airlines, Comcast, Anheuser-Busch, Tesla, and Twitter.
GATA Posts:
Ted Butler: Why the frantic movement of silver at the Comex?
The Statistics:
As of close of business: 10/24/2018
Gold Warehouse Stocks: | 8,086,868.222 | -804.00 |
Silver Warehouse Stocks: | 290,931,125.976 | -609,380.509 |
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 | 749.642 | 24,101,733 | US$29,656m |
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$5,464m |
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$6,039m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,275.83: -40.91 change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) dividend, third quarter results from Goldcorp (GG), Newmont (NEM), New Gold (NGD), and Barrick (ABX), and Almaden’s (AAU) assay results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +5.14% $11.25 |
2. DRDGOLD | DRD +0.79% $2.54 |
LOSERS
1. Goldcorp | GG -18.68% $8.49 |
2. McEwen | MUX -7.76% $2.14 |
3. Paramount | PZG -7.67% $1.08 |
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: Thursday, 25 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Dip While Stocks Bounce Back
