-- Published: Tuesday, 20 November 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1222.40 | -$0.80 |
Silver | $14.32 | -$0.10 |
XAU | 65.17 | -0.81% |
HUI | 147.19 | -0.73% |
GDM | 538.38 | -0.32% |
JSE Gold | 1143.65 | +2.03 |
USD | 96.81 | +0.60 |
Euro | 113.68 | -0.82 |
Yen | 88.76 | UNCH |
Oil | $53.43 | -$3.77 |
10-Year | 3.056% | +0.003 |
T-Bond | 139.90625 | +0.125 |
Dow | 24465.64 | -2.21% |
Nasdaq | 6908.82 | -1.70% |
S&P | 2641.89 | -1.82% |
The Metals:
Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to a new session low of $1220.00 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.07%. Silver edged up to $14.489 before it dropped back to $14.23 and then also rebounded, but it still ended with a loss of 0.69%.
Euro gold rose above €1075, platinum lost $10 to $840, and copper fell 4 cents to about $2.76.
Gold and silver equities fell nearly 3% in the first 45 minutes of trade, but they then climbed back close to unchanged at several points of trade and ended only modestly lower on the day.
The Economy:
US trade war with China won't be ending anytime soon: CNBC CFO survey CNBC
White House's Kudlow: Tax reform's next phase won't happen in 2018 Reuters
Goldman Sachs sees 'modest' emerging market rebound in 2019 Reuters
U.S. housing starts rise on multi-family segment Reuters
Tomorrow brings Weekly jobless claims, Durable goods orders, Existing home sales, Consumer sentiment, and Leading economic indicators.
The Markets:
Oil fell nearly 7% on global economic concerns that sent the U.S. dollar index higher and the Dow, Nasdaq, and S&P roughly 2% lower. Treasuries held firm in a search for safety.
Among the big names making news in the market today were Deutsche Bank, Amazon, Renault, Campbell Soup, Kohl’s, Best Buy, Lowe’s, and Target.
GATA Posts:
Bitcoin-rigging criminal probe focused on tie to Tether
Bitcoin for payments a distant dream as use dries up
Next rally in monetary metals will be an explosion, GATA chairman says
The Statistics:
As of close of business: 11/19/2018
Gold Warehouse Stocks: | 8,015,760.647 | -9,658.082 |
Silver Warehouse Stocks: | 292,711,900.690 | -1,796,220.892 |
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 | 760.861 | 24,462,429 | US$29,911m |
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$5,433m |
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$6,008m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.177 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday’s data.
The Miners:
Paramount’s (PZG) mobilized drill rigs, Northern Dynasty’s (NAK) Right-of-Way Agreement, and Silver Bull’s (SVBL) completed Geophysical Survey were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Franco-Nevada | FNV +1.33% $68.35 |
2. Kinross | KGC +1.16% $2.61 |
3. Sibanye | SBGL +0.75% $2.68 |
LOSERS
1. Golden Star | GSS -9.87% $2.74 |
2. Coeur | CDE -5.68% $4.15 |
3. Freeport | FCX -5.47% $10.88 |
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, 20 November 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Holds Steady While Stocks Drop 2% More 
