Gold Seeker Closing Report: Gold and Silver Fall Roughly 2% and 4%
| Close | Gain/Loss |
Gold | $1174.80 | -$19.50 |
Silver | $14.42 | -$0.65 |
XAU | 66.06 | -6.56% |
HUI | 143.25 | -6.11% |
GDM | 520.90 | -5.65% |
JSE Gold | 951.07 | -81.58 |
USD | 96.71 | +0.02 |
Euro | 113.53 | +0.07 |
Yen | 90.55 | +0.43 |
Oil | $65.01 | -$2.03 |
10-Year | 2.860% | -0.033 |
T-Bond | 144.6875 | +65625 |
Dow | 25162.41 | -0.54% |
Nasdaq | 7774.12 | -1.23% |
S&P | 2818.37 | -0.76% |
The Metals:
Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.63%. Silver slipped to as low as $14.367 and ended with a loss of 4.31%.
Euro gold fell to about EUR1036, platinum lost $36 to $765, and copper dropped 10 cents to about $2.58.
Gold and silver equities fell roughly 6% by midmorning and remained near that level for the rest of the day.
U.S. retail sales, manufacturing data bolster third-quarter economic outlook Reuters
U.S. business inventories edge up in June Reuters
Home builder sentiment hits 11-month low as trade war takes a hit MarketWatch
U.S. productivity surges in spring to more than three-year high MarketWatch
U.S. retail sales show midsummer muscle MarketWatch
U.S. industrial output rises modestly, powered by factories Reuters
Empire State manufacturing index rises in August MarketWatch
Tomorrow brings Weekly jobless claims, Housing starts, Building permits, and the Philly Fed index.
The Markets:
Oil fell over 3% after the Energy Information Administration reported that crude inventories rose 6.8 million barrels, gasoline inventories fell 740,000 barrels, and distillates rose 3.6 million barrels.
The U.S. dollar index held near unchanged and treasuries rose as the Dow, Nasdaq, and S&P dropped on concerns that Turkey's recent currency and trade troubles will spread to other emerging markets.
Among the big names making news in the market today were Constellation Brands, GE, Macy's, Diamondback Energy, and Royal Caribbean.
GATA Posts:
GATA fights on even if the gold industry won't
The Statistics:
As of close of business: 8/14/2018
Gold Warehouse Stocks: | 8,577,117.507 | - |
Silver Warehouse Stocks: | 286,202,328.205 | -628,039.171 |
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 | 776.653 | 24,970,158 | US$29,510m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$421m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 7.95 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,177.78: No change from yesterday's data.
WINNER
1. Paramount | PZG +1.77% $1.15 |
LOSERS
1. Sibanye | SBGL-10.92%$2.12 |
2. McEwen | MUX -9.13% $1.89 |
3. Harmony | HMY -8.64% $1.48 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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