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 Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 14 December 2018 | Print  | Disqus 

 

Close

Gain/Loss

On Week

Gold

$1238.30

-$4.60

-0.81%

Silver

$14.58

-$0.19

-0.34%

XAU

67.59

-1.69%

-0.52%

HUI

152.66

-2.56%

-0.83%

GDM

560.45

-1.47%

+0.07%

JSE Gold

1302.25

+3.60

+8.42%

USD

97.46

+0.39

+0.89%

Euro

113.05

-0.59

-0.92%

Yen

88.23

+0.20

-0.64%

Oil

$51.20

-$1.38

-2.68%

10-Year

2.893%

-0.016

+1.30%

Bond

143.4375

+0.40625

-0.33%

Dow

24100.51

-2.02%

-1.18%

Nasdaq

6910.66

-2.26%

-0.84%

S&P

2599.95

-1.91%

-1.26%

 
http://www.goldseek.com/news/2018/2018-12-14_14-02-07.jpg

 

The Metals:

 

Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%.

 

Euro gold rose to about €1096, platinum lost $10 to $786, and copper edged down to about $2.76.

 

Gold and silver equities fell almost 3% at the open before they bounced back higher at times, but they still ended roughly 2% lower on the day.

 

The Economy:

 

China just reported ‘ugly’ economic data because of the trade war and it’s roiling financial markets  CNBC

Businesses wary as PMI readings fall to multiyear lows across the globe  MarketWatch

Mortgage rates slide to 3-month low, as housing market green shoots appear  MarketWatch

Industrial output up 0.6% in November on mining and utilities but factories sputter  MarketWatch

U.S. core retail sales accelerate in November  Reuters

 

The Markets:

 

Oil fell nearly 3% on poor economic data out of China that reignited global growth concerns and sent the U.S. dollar index higher along with treasuries while the Dow, Nasdaq, and S&P dropped roughly 2%.

 

Among the big names making news in the market Friday were Walgreens, Adobe, GM, Facebook, Costco, Johnson & Johnson, and Starbucks.

 

GATA Posts:

 

 

London trader Maguire interviewed on RT about gold and silver market rigging

Ignoring U.S. government's market rigging, Wall Street Journal goes after Saudi Arabia's

Paulson wins control of Detour board in key shareholder vote

 

The Statistics:

Activity from: 12/13/2018

Gold Warehouse Stocks:

8,339,015.231

-

Silver Warehouse Stocks:

297,943,226.349

+576,052.471

 

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$30,322m

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$5,507m

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$6,083m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$444m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 274.66: No change from yesterday’s data.

 

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

 

The Miners:

 

Wheaton’s (WPM) settlement with the Canada Revenue Agency, Paramount’s (PZG) AGM results, Barrick’s (ABX) additional investment in Reunion Gold, and Alamos Gold’s (AGI) accident at its Mulatos Mine and clarification on development activities at its Kirazlı project were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Wheaton

WPM +14.17% $18.94

2.  Turquoise

TRQ +1.20% $1.68

3.  Endeavour Silver

EXK +0.50% $2.01

 

LOSERS

1.  Alamos

AGI -6.60% $2.97

2.  Coeur

CDE -5.91% $3.82

3.  Silvercorp

SVM -4.27% $2.02

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: Friday, 14 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.