-- Published: Monday, 29 October 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1229.10 | -$4.90 |
Silver | $14.45 | -$0.25 |
XAU | 64.70 | -0.71% |
HUI | 144.02 | -0.43% |
GDM | 529.83 | -0.10% |
JSE Gold | 1166.01 | -47.57 |
USD | 96.61 | +0.26 |
Euro | 113.85 | -0.35 |
Yen | 89.06 | -0.36 |
Oil | $67.04 | -$0.55 |
10-Year | 3.088% | +0.009 |
T-Bond | 139.28125 | -0.15625 |
Dow | 24442.92 | -0.99% |
Nasdaq | 7050.29 | -1.63% |
S&P | 2641.25 | -0.66% |
The Metals:
Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New York trade, but it then rallied back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $14.417 before it also bounced higher, but it still ended with a loss of 1.7%.
Euro gold fell to about €1080, platinum gained $11.50 to $834.50, and copper dropped 3 cents to about $2.72.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail CNBC
Bar Is High for Fed to Help Investors, Morgan Stanley Says Bloomberg
U.S. consumer spending rises; income gain smallest in 15 months Reuters
Wage increases are the highest on record, business economists say MarketWatch
Tomorrow brings the Case-Shiller home price index, Consumer confidence, and Home ownership.
The Markets:
Oil fell almost 1% on demand concerns.
The U.S. dollar index rose as the euro fell “after German Chancellor Angela Merkel announced she would step down as party leader and not run for political office again after her term ends in 2021.”
Treasuries ended slightly lower in mixed trade while the Dow, Nasdaq, and S&P erased notable early gains and ended roughly 1% lower on renewed concerns about a US-China trade war.
Among the big names making news in the market today were GM, Hain Celestial, and IBM/Red Hat.
GATA Posts:
LBMA to reveal size of London's gold market on Nov. 20
A Bundesbank economist has a radical plan to halve Italy's debt
The Statistics:
As of close of business: 10/26/2018
Gold Warehouse Stocks: | 8,086,768.222 | -100.00 |
Silver Warehouse Stocks: | 289,613,380.566 | -735,177.82 |
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$29,655m |
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$5,457m |
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$6,033m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,275.83: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) grant, Golden Star’s (GSS) share consolidation, and Goldcorp’s (GG) Normal Course Issuer Bid were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +3.78% $4.12 |
2. Newmont | NEM +2.53% $30.76 |
3. EMX Royalty | EMX +2.40% $1.28 |
LOSERS
1. Paramount | PZG -7.14% $1.04 |
2. Gold Standard | GSV -5.13% $1.48 |
3. Alamos | AGI -4.37% $4.16 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 29 October 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall with Stocks
