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Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%
By: Chris Mullen, Gold Seeker Report

 -- Published: Monday, 24 December 2018 | Print  | Disqus 

Please note: US markets are closed tomorrow for Christmas.




















JSE Gold































The Metals:


Gold gained nearly $10 in Asia before it halved its gains in London, but it then rose to new 6-month highs in New York and ended with a gain of 1.08%. Silver climbed to as high as $14.776 and ended with a gain of 1.03%.


Euro gold rose above €1111, platinum remained at $786, and copper fell to about $2.67.


Gold and silver equities rose roughly 3% in the first hour of trade and remained near that level for the rest of the day.


The Economy:


Mnuchin to convene 'Plunge Protection Team', markets slide  Reuters

Top Trump aide says government shutdown may go into New Year  Reuters

Nov. Chicago Fed Nat'l Activity Index gains on production improvement  Bond Buyer

Bonds: Treasury yields lower amid stock market volatility  CNBC

White House awaits Democratic reply to 'counteroffer' during shutdown  usatoday


Wednesday brings Case-Shiller home prices.


The Markets:


Oil fell almost 7% and the U.S. dollar index dropped notably as treasuries rose while the Dow, Nasdaq, and S&P lost nearly 3% on concerns about liquidity, the fed, politics, the government shutdown, and slowing economic growth.


Among the big names making news in the market today were Tesla, BMW, and Euronext.


GATA Posts:



Treasury secretary summons 'Plunge Protection Team' as markets tumble

London's streets are no longer paved with gold as miners struggle

New York Sun: Trump should take on the Fed

Treasury secretary denies Trump is considering firing Fed chairman

Trump muses about firing Fed chairman, sources tell Bloomberg

Indonesia gains majority ownership of giant Freeport mine

New York Sun: Watch for 'In Money We Trust' on public broadcasting

Barrick slashes jobs at head office; director Anthony Munk to resign

South Florida gold refiner caught with 'blood gold' files bankruptcy


The Statistics:

Activity from: 12/20/2018

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: Change in Total Tonnes from yesterday’s data: SPDR added 3.528 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.91: +0.90 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 9,864.15: No change from yesterday’s data.


The Miners:




DRD +15.66% $2.29

2.  Kinross

KGC +5.77% $3.30

3.  Gold Fields

GFI +5.33% $3.56



1.  Golden Star

GSS -3.61% $2.67

2.  Hecla

HL -3.32% $2.33

3.  Freeport

FCX -2.69% $9.78

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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