-- 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% |
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
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-- Published: Wednesday, 12 December 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain with Stocks
