Gold Seeker Closing Report: Gold and Silver Fall with Stocks
| Close | Gain/Loss |
Gold | $1229.10 | -$4.90 |
Silver | $14.45 | -$0.25 |
XAU | 64.70 | -0.71% |
HUI | 144.02 | -0.43% |
GDM | 529.83 | -0.10% |
JSE Gold | 1166.01 | -47.57 |
USD | 96.61 | +0.26 |
Euro | 113.85 | -0.35 |
Yen | 89.06 | -0.36 |
Oil | $67.04 | -$0.55 |
10-Year | 3.088% | +0.009 |
T-Bond | 139.28125 | -0.15625 |
Dow | 24442.92 | -0.99% |
Nasdaq | 7050.29 | -1.63% |
S&P | 2641.25 | -0.66% |
The Metals:
Gold dropped $6.30 to $1227.70 in London and spiked down to $1224.50 in early afternoon New York trade, but it then rallied back higher into the close and ended with a loss of just 0.4%. Silver slipped to as low as $14.417 before it also bounced higher, but it still ended with a loss of 1.7%.
Euro gold fell to about EUR1080, platinum gained $11.50 to $834.50, and copper dropped 3 cents to about $2.72.
Gold and silver equities waffled near unchanged and ended slightly lower.
US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail CNBC
Bar Is High for Fed to Help Investors, Morgan Stanley Says Bloomberg
U.S. consumer spending rises; income gain smallest in 15 months Reuters
Wage increases are the highest on record, business economists say MarketWatch
Tomorrow brings the Case-Shiller home price index, Consumer confidence, and Home ownership.
The Markets:
Oil fell almost 1% on demand concerns.
The U.S. dollar index rose as the euro fell "after German Chancellor Angela Merkel announced she would step down as party leader and not run for political office again after her term ends in 2021."
Treasuries ended slightly lower in mixed trade while the Dow, Nasdaq, and S&P erased notable early gains and ended roughly 1% lower on renewed concerns about a US-China trade war.
Among the big names making news in the market today were GM, Hain Celestial, and IBM/Red Hat.
GATA Posts:
LBMA to reveal size of London's gold market on Nov. 20
A Bundesbank economist has a radical plan to halve Italy's debt
The Statistics:
As of close of business: 10/26/2018
Gold Warehouse Stocks: | 8,086,768.222 | -100.00 |
Silver Warehouse Stocks: | 289,613,380.566 | -735,177.82 |
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 | 749.642 | 24,101,733 | US$29,655m |
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$5,457m |
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$6,033m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.58: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,275.83: No change from yesterday's data.
Goldcorp's (GG) grant, Golden Star's (GSS) share consolidation, and Goldcorp's (GG) Normal Course Issuer Bid were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +3.78% $4.12 |
2. Newmont | NEM +2.53% $30.76 |
3. EMX Royalty | EMX +2.40% $1.28 |
LOSERS
1. Paramount | PZG -7.14% $1.04 |
2. Gold Standard | GSV -5.13% $1.48 |
3. Alamos | AGI -4.37% $4.16 |
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:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) 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.