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GoldSeek Web

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain on the Week While Stocks Drop Nearly 4%
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 26 October 2018 | Print  | Disqus 




On Week





















JSE Gold









































The Metals:


Gold gained $8.30 to $1238.60 in Asia before it dropped back towards unchanged in London, but it then shot up to as high as $1243.40 in late morning New York trade and ended with a gain of 0.3%. Silver waffled between $14.734 and $14.576 in Asia and London, but it then rose to as high as $14.766 in New York and ended with a gain of 0.55%.


Euro gold stayed at €1082, platinum lost $2 to $823, and copper remained at about $2.75.


Gold and silver equities rose roughly 3% by late morning, but they then chopped back lower in afternoon trade and ended a little less than 1% higher on the day.


The Economy:


GDP ‘impressive,’ but investment is a weak spot, economists say  MarketWatch

Consumer sentiment hits 98.6 in Oct., vs. 99 estimate  CNBC

Mortgage rates rise as housing market cracks appear  MarketWatch


The Markets:


Oil ended slightly higher in mixed trade on lingering concerns about Iran.


The U.S. dollar index saw decent gains around 8AM EST, but it then fell back off into the close and ended with a decent loss as the euro turned around on hopes for Brexit progress next week.


Treasuries rose as the Dow, Nasdaq, and S&P dropped roughly 2% more on a new round of disappointing earnings reports.


Among the big names making news in the market Friday were Mattel, Snap, GM, Amazon, and Alphabet.


GATA Posts:



Traders acquitted of FX rigging that banks admitted

China and Japan sign three-year FX swap deal amid U.S. trade tension

China likely to slow yuan's slide to 7 per dollar, sources tell Reuters

Treasury official points finger at Turkey over Venezuelan gold trade


The Statistics:

Activity from: 10/25/2018

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




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


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


Silver Trust (SLV) Total Tonnes in Trust: 10,275.83: No change from yesterday’s data.


The Miners:


Randgold’s (GOLD) output and Excellon’s (EXN.TO) third quarter 2018 production results were among the big stories in the gold and silver mining industry making headlines Friday.



1.  Goldcorp

GG +4.12% $8.84

2.  Americas Silver

USAS +3.79% $2.19

3.  Paramount

PZG +3.70% $1.12



1.  Yamana

AUY -4.51% $2.33

2.  Coeur

CDE -2.18% $4.93

3.  Buenaventura

BVN -1.98% $13.87

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.


- Chris Mullen, Gold Seeker Report


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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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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