-- Published: Monday, 24 December 2018 | Print | Disqus
Please note: US markets are closed tomorrow for Christmas.
| Close | Gain/Loss |
Gold | $1269.00 | +$13.50 |
Silver | $14.77 | +$0.15 |
XAU | 70.55 | +2.74% |
HUI | 161.79 | +3.40% |
GDM | 586.16 | +2.58% |
JSE Gold | 1359.59 | +42.78 |
USD | 96.49 | -0.54 |
Euro | 114.21 | +0.58 |
Yen | 90.68 | +0.66 |
Oil | $42.53 | -$3.06 |
10-Year | 2.734% | -0.049 |
T-Bond | 145.40625 | +0.59375 |
Dow | 21792.20 | -2.91% |
Nasdaq | 6192.92 | -2.21% |
S&P | 2351.10 | -2.71% |
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: | 8,338,597.271 | -96.45 |
Silver Warehouse Stocks: | 293,566,116.413 | -1,218,812.04 |
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 | 772.672 | 24,842,191 | US$31,324m |
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$5,607m |
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$6,199m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
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:
WINNERS
1. DRDGOLD | DRD +15.66% $2.29 |
2. Kinross | KGC +5.77% $3.30 |
3. Gold Fields | GFI +5.33% $3.56 |
LOSERS
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
- 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: Monday, 24 December 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%
