LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Stocks: Mighty Bull Flags Begin Now
By: Stewart Thomson

Bonds and Equities Versus Gold
By: Richard (Rick) Mills

Time for an International Gold Reset
By: Gary Christenson

Gold Is Going Higher – But Brace Yourself For Volatility
By: Dave Kranzler

Precious Metals Update Video: Gold pullback or correction coming?
By: Ira Epstein

Bitcoin Is Going To Zero - Or $100,000
By: Avi Gilburt

An Extravagant Price Target for Bitcoin Mania (video)
By: Rick Ackerman, Rick's Picks

Big Tech, Big Banks Push for “Cashless Society”
By: Stefan Gleason

Gold Gets a Boost of Rocket Fuel From Negative Bond Yields
By: Frank Holmes, US Funds

The Gold (and Silver) Volcano Is Ready to Erupt
By: David H. Smith

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Gain with Stocks
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 12 December 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1245.90

+$2.90

Silver

$14.74

+$0.19

XAU

68.64

+2.31%

HUI

156.76

+2.58%

GDM

567.53

+1.60%

JSE Gold

1273.45

+30.72

USD

97.02

-0.40

Euro

113.66

+0.44

Yen

88.34

+0.12

Oil

$51.15

-$0.50

10-Year

2.914%

+0.035

T-Bond

143.21875

-0.59375

Dow

24527.27

+0.64%

Nasdaq

7098.31

+0.95%

S&P

2651.07

+0.54%

 
http://www.goldseek.com/news/2018/2018-12-12_14-02-18.jpg

 

The Metals:

 

Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $14.794 and ended with a gain of 1.31%.

 

Euro gold fell under €1096, platinum gained $21 to $801, and copper remained at about $2.77.

 

Gold and silver equities rose roughly 2% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

What Theresa May's leadership fight means for Brexit-wary investors  MarketWatch

U.S. consumer prices flat; underlying inflation firm  Reuters

US consumer prices unchanged in November, amid decline in gasoline prices  CNBC

 

Tomorrow brings Weekly jobless claims and import prices.

 

The Markets:

 

Oil fell almost 1% after the Energy Information Administration reported that crude inventories fell just 1.2 million barrels, gasoline inventories rose 2.1 million barrels, and distillates fell 1.5 million barrels.

 

The U.S. dollar index dropped as the euro and pound rose “on expectations U.K. Prime Minster Theresa May would survive a vote of no-confidence over her leadership of the Conservative Party.”

 

Treasuries fell as the Dow, Nasdaq, and S&P gained almost 1% “after a series of developments boosted expectations that a U.S.-China trade deal could be reached in the coming months.”

 

Among the big names making news in the market today were Lowe’s, Under Armour, CVS, Toyota, Intel, and Tencent.

 

GATA Posts:

 

 

Today's edition of Ed Steer's Gold & Silver Digest posted in the clear at GoldSeek

 

The Statistics:

As of close of business: 12/11/2018

Gold Warehouse Stocks:

8,339,015.231

+32,203.22

Silver Warehouse Stocks:

295,996,182.564

-636,874.173

 

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

763.556

24,549,098

US$30,578m

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$5,533m

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$6,115m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.235 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.17: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: No change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) drill results, IAMGOLD’s (IAG) initial Mineral Resource estimate, Northern Dynasty’s (NAK) private placement, Coeur’s CDE) exploration update, and Endeavor Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Endeavour Silver

EXK +11.05% $2.11

2.  Pretivm

PVG +7.29% $7.65

3.  IAMGOLD

IAG +6.13% $3.46

 

LOSERS

1.  Alamos

AGI -2.57% $3.41

2.  Nevsun

NSU -2.47% $4.34

3.  Turquoise

TRQ -1.76% $1.67

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: Wednesday, 12 December 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.