Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Tumble
| Close | Gain/Loss |
Gold | $1265.80 | -$4.40 |
Silver | $16.35 | -$0.11 |
XAU | 80.52 | -1.80% |
HUI | 174.14 | -1.58% |
GDM | 612.82 | -0.83% |
JSE Gold | 1061.17 | -5.41 |
USD | 94.30 | -0.25 |
Euro | 117.02 | +0.39 |
Yen | 91.06 | -0.07 |
Oil | $68.08 | -$0.50 |
10-Year | 2.875% | -0.020 |
T-Bond | 144.15625 | +0.1875 |
Dow | 24252.80 | -1.33% |
Nasdaq | 7532.01 | -2.09% |
S&P | 2717.07 | -1.37% |
The Metals:
Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ended with a loss of just 0.35%. Silver slipped to as low as $16.27 and ended with a loss of 0.67%.
Euro gold fell to about EUR1082, platinum lost $9.50 to $864.50, and copper fell 4 cents to about $2.99.
Gold and silver equities dropped throughout the day and ended roughly 1% lower.
Chicago Fed's May national economic index retreats into negative as factories slowed MarketWatch
U.S. new home sales surge in May, boosted by South Reuters
Why a major trade war could mean a 'full-blown recession' MarketWatch
Trump is reportedly planning new restrictions against China CNBC
Tomorrow brings the Case-Shiller home price index and Consumer confidence.
The Markets:
Oil ended lower in mixed trade as traders continued to digest the implications of last week's OPEC meeting.
The U.S. dollar index fell and treasuries rose on trade war concerns that sent the Dow, Nasdaq, and S&P roughly 2% lower.
Among the big names making news in the market today were Campbell, Harley-Davidson, AT&T, GE, and Venmo.
GATA Posts:
Gold rises 300% in three months against Iranian rial
Ron Paul: Central bankers constantly rig the gold price
Sprott applauds GATA for pressing currency comptroller about EFPs
Paulson urges underperforming Detour Gold to seek a buyer
The Statistics:
As of close of business: 6/22/2018
Gold Warehouse Stocks: | 8,803,199.856 | -20,183.40 |
Silver Warehouse Stocks: | 273,920,549.852 | +1,122,508.55 |
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 | 824.634 | 26,512,801 | US$33,627m |
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$5,625m |
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$6,218m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$454m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.02: -0.95 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,962.49: +29.27 change from yesterday's data.
Northern Dynasty's (NAK) corporate update and Barrick's (ABX) discussions with the Government of Tanzania were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alio Gold | ALO +2.90% $1.42 |
2. DRDGOLD | DRD +1.44% $2.81 |
3. Gold Fields | GFI +1.41% $3.59 |
LOSERS
1. NovaGold | NG -5.90% $4.31 |
2. Eurasian | EMX -5.50% $1.03 |
3. Paramount | PZG -5.26% $1.26 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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