Gold Seeker Closing Report: Gold Dips While Silver Holds Steady Again
| Close | Gain/Loss |
Gold | $1267.40 | -$2.10 |
Silver | $16.31 | +$0.01 |
XAU | 80.89 | -0.43% |
HUI | 174.60 | -0.47% |
GDM | 609.68 | -0.32% |
JSE Gold | 1068.94 | -6.73 |
USD | 94.82 | -0.27 |
Euro | 116.12 | +0.29 |
Yen | 91.12 | +0.39 |
Oil | $65.54 | -$0.17 |
10-Year | 2.895% | -0.041 |
T-Bond | 143.9375 | +0.4375 |
Dow | 2749.76 | -0.80% |
Nasdaq | 7712.95 | -0.88% |
S&P | 24461.70 | -0.63% |
The Metals:
Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout most of trade in New York, but it still ended with a loss of 0.17%. Silver fell to $16.18 in Asia before it rallied to as high as $16.358 in early afternoon New York trade and then edged back lower into the close, but it still ended with a gain of 0.06%.
Euro gold fell to about EUR1091, platinum lost $6.50 to $861, and copper dropped a penny to about $3.03.
Gold and silver equities ended modestly lower in mixed trade.
U.S. Consumers' Economic Expectations Match Highest Since 2002 Bloomberg
Leading indicators up in May, still short of expectations CNBC
U.S. jobless claims fall; mid-Atlantic manufacturing slows Reuters
Tomorrow brings Markit manufacturing PMI and services.
The Markets:
Oil saw slight losses ahead of tomorrow's OPEC meeting.
The U.S. dollar index fell and treasuries rose on poor manufacturing data.
The Dow, Nasdaq, and S&P lost nearly 1% on trade tensions and mostly disappointing company news.
Among the big names making news in the market today were Daimler, Darden Restaurants, Micron, Amazon, and Intel.
GATA Posts:
USAWatchdog interviews TF Metals Report's Hemke on rates, Deutsche Bank, gold
Deutsche Bank fined over 'improper' forex conduct
Craig Hemke at Sprott Money: More on Comex 'exchanges for paper'
Russia dumps Treasuries for gold
The Statistics:
As of close of business: 6/20/2018
Gold Warehouse Stocks: | 8,823,483.106 | -189,910.05 |
Silver Warehouse Stocks: | 272,890,784.502 | +96,319.22 |
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(R) Gold Shares | 828.759 | 26,645,429 | US$33,729m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,632m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,223m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 273.66: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,842.48: +73.18 change from yesterday's data.
Eldorado's (EGO) development update and Excellon's (EXN.TO) drilling were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +5.56% $1.33 |
2. DRDGOLD | DRD +3.30% $2.82 |
3. Avino | ASM +3.28% $1.26 |
LOSERS
1. Taseko | TGB -4.31% $1.11 |
2. Eurasian | EMX -3.57% $1.08 |
3. Newmont | NEM -2.45% $37.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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