Gold Seeker Closing Report: Gold and Silver Fall with Stocks and Euro
| Close | Gain/Loss |
Gold | $1201.50 | -$8.40 |
Silver | $14.01 | -$0.16 |
XAU | 62.65 | -2.36% |
HUI | 140.33 | -2.15% |
GDM | 519.17 | -2.03% |
JSE Gold | 1096.10 | -2.01 |
USD | 97.59 | +0.69 |
Euro | 112.21 | -1.18 |
Yen | 87.97 | -0.06 |
Oil | $59.93 | -$0.26 |
10-Year | 3.184% | -0.006 |
T-Bond | 138.53125 | +0.625 |
Dow | 25387.18 | -2.32% |
Nasdaq | 7200.87 | -2.78% |
S&P | 2726.22 | -1.97% |
The Metals:
Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new session low of $1200.70 in New York and ended with a loss of 0.69%. Silver slipped to as low as $14.005 and ended with a loss of 1.13%.
Euro gold rose above EUR1069, platinum lost $15.50 to $839, and copper dropped a penny to about $2.67.
Gold and silver equities fell roughly 2% by midmorning and remained near that level for the rest of the day.
Tariffs aren't having that big an impact on companies, earnings calls show CNBC
Election over, investors are back on inflation watch and feeling a little spooked MarketWatch
Tomorrow brings fedspeak and the Federal budget.
The Markets:
Oil reversed early gains and ended slightly lower after President Trump urged OPEC to keep up production.
The U.S. dollar index rose as the euro fell on renewed concerns about Brexit and Italy's budget.
The Dow, Nasdaq, and S&P fell roughly 2% on worries about Europe and weakness in tech.
Among the big names making news in the market today were Goldman Sachs, Athenahealth, Apple, General Electric, Alibaba, and SAP.
GATA Posts:
Gold confiscation is an urgent threat, Greyerz tells KWN
BMG's Brandon White: Confession by ex-Morgan trader vindicates GATA
The Statistics:
As of close of business: 11/9/2018
Gold Warehouse Stocks: | 8,020,366.429 | - |
Silver Warehouse Stocks: | 293,974,138.401 | +217,294.18 |
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 | 755.232 | 24,281,476 | US$29,259m |
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$5,348m |
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$5,911m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$431m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.73: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,131.15: No change from yesterday's data.
Golden Star's (GSS) site visit change and IAMGOLD's (IAG) analyst tour were among the big stories in the gold and silver mining industry making headlines today.
No "winners" today.
LOSERS
1. Coeur | CDE -7.08% $4.33 |
2. Gold Standard | GSV -6.94% $1.34 |
3. Endeavour Silver | EXK -5.97% $1.89 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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