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Gold Seeker Weekly Wrap-Up: Gold and Silver Hold Near Unchanged on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 2 November 2018 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1233.10

-$0.10

-0.07%

Silver

$14.75

+$0.01

+0.34%

XAU

67.19

UNCH

+3.10%

HUI

149.44

-0.20%

+3.31%

GDM

546.24

+0.37%

+2.92%

JSE Gold

1133.17

-6.35

-6.63%

USD

96.45

+0.18

+0.10%

Euro

113.95

-0.16

-0.22%

Yen

88.41

-0.46

-1.13%

Oil

$63.14

-$0.55

-4.03%

10-Year

3.215%

+0.076

+4.42%

Bond

137.15625

-1.28125

-1.59%

Dow

25270.83

-0.43%

+2.36%

Nasdaq

7356.99

-1.04%

+2.65%

S&P

2723.06

-0.63%

+2.42%

 
http://www.goldseek.com/news/2018/2018-11-02_14-03-43.jpg

 

The Metals:

 

Gold chopped in a relatively tight range between $1229.90 and $1236.40 and ended with a loss of just 0.01%. Silver rose to as high as $14.908 and ended with a gain of 0.07%.

 

Euro gold rose to €1082, platinum gained $9 to $860, and copper climbed 9 cents to about $2.82.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. imports hit all-time high, trade deficit with China sets new record despite tariffs  MarketWatch

Increase in worker pay and benefits match fastest pace since recession, ECI shows  MarketWatch

U.S. job growth soars; annual wage gain largest since 2009  Reuters

US Factory Orders Climb More Than Expected In September  Morningstar

House price gains lurch to a 20-month low, Case-Shiller says  MarketWatch

 

The Markets:

 

Oil fell almost 1% on talk of waivers on Iranian sanctions.

 

The U.S. dollar index rose and treasuries fell on better than expected jobs data.

 

The Dow, Nasdaq, and S&P fell roughly 1% “after White House economic adviser Larry Kudlow weakened optimism over U.S.-China trade talks.”

 

Among the big names making news in the market Friday were Kraft-Heinz, GE, Apple, and Tesla.

 

GATA Posts:

 

 

Wary of crypto, UK government blocks Royal Mint's digital gold

Euro's bid to challenge King Dollar collides with political risk

 

The Statistics:

Activity from: 11/1/2018

Gold Warehouse Stocks:

8,066,489.712

-

Silver Warehouse Stocks:

290,552,863.165

-2,086,297.888

 

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

760.822

24,461,200

US$30,128m

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$5,472m

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$6,047m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$442m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 6.767 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,185.25: -32.14 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Coeur

CDE +4.45% $5.16

2.  First Majestic

AG +2.07% $5.92

3.  Americas Silver

USAS +1.88% $2.12

 

LOSERS

1.  Alamos

AGI -8.29% $3.87

2.  Gold Resource

GORO-5.86% $4.18

3.  Golden Star

GSS -5.72% $3.13

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, 2 November 2018 | E-Mail  | Print  | Source: GoldSeek.com

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