Gold Seeker Closing Report: Gold and Silver Gain While Stocks Shake
| Close | Gain/Loss |
Gold | $1230.10 | +$7.30 |
Silver | $14.73 | +$0.16 |
XAU | 69.50 | +0.68% |
HUI | 155.38 | +1.24% |
GDM | 558.63 | +0.91% |
JSE Gold | 1228.01 | +62.06 |
USD | 95.93 | -0.10 |
Euro | 114.71 | +0.02 |
Yen | 89.14 | +0.34 |
Oil | $66.43 | -$2.93 |
10-Year | 3.170% | -0.027 |
T-Bond | 138.125 | +0.3125 |
Dow | 25191.43 | -0.50% |
Nasdaq | 7437.54 | -0.42% |
S&P | 2740.69 | -0.55% |
The Metals:
Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.6%. Silver rose to as high as $14.806 and ended with a gain of 1.1%.
Euro gold rose above EUR1072, platinum gained $11.50 to $830, and copper dropped 2 cents to about $2.75.
Gold and silver equities jumped about 3% higher at the open before they fell back off into late morning, but they still ended roughly 1% higher on the day.
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The Markets:
Oil fell over 4% and the U.S. dollar index edged lower while treasuries rose on worries about a global slowdown that sent the Dow, Nasdaq, and S&P markedly lower at times, but stocks did end well off their lows.
Among the big names making news in the market today were Johnson & Johnson, Monsanto, Harley-Davidson, Caterpillar, 3M, and McDonald's.
GATA Posts:
Don't count on geopolitical tensions to support gold, Lundin cautions
Looks like China will yield to U.S. sanctions on Iran
The Statistics:
As of close of business: 10/22/2018
Gold Warehouse Stocks: | 8,101,521.184 | +100.00 |
Silver Warehouse Stocks: | 289,267,270.990 | +545,296.979 |
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 | 747.876 | 24,044,970 | US$29,711m |
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$5,478m |
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$6,055m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 2.059
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,404.40: +14.61 change from yesterday's data.
WINNERS
1. Alamos | AGI +6.05% $4.73 |
2. Gold Fields | GFI +5.99% $3.01 |
3. DRDGOLD | DRD +4.33% $2.65 |
LOSERS
1. Turquoise | TRQ -6.63% $1.69 |
2. Hecla | HL -3.86% $2.74 |
3. Freeport | FCX -3.25% $1.61 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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