Gold Seeker Closing Report: Gold and Silver Gain Almost 1% While Stocks Drop Over 2%
| Close | Gain/Loss |
Gold | $1246.30 | +$8.00 |
Silver | $14.67 | +$0.09 |
XAU | 69.19 | +2.37% |
HUI | 156.72 | +2.66% |
GDM | 570.75 | +1.84% |
JSE Gold | 1302.25 | +3.60 |
USD | 97.14 | -0.32 |
Euro | 113.47 | +0.42 |
Yen | 88.54 | +0.31 |
Oil | $49.88 | -$1.32 |
10-Year | 2.858% | -0.035 |
T-Bond | 143.75 | +0.46875 |
Dow | 23592.98 | -2.11% |
Nasdaq | 6753.73 | -2.27% |
S&P | 2545.94 | -2.08% |
The Metals:
Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its early afternoon high of $1248.10 with a gain of 0.65%. Silver rose to as high as $14.70 and ended with a gain of 0.62%.
Euro gold rose above EUR1098, platinum gained $5 to $791, and copper edged down to $2.75.
Gold and silver equities climbed roughly 2% higher by midday and remained near that level for the rest of the day.
Trump Today: President makes last-ditch effort to sway Fed with 'take the victory' tweet MarketWatch
Home builder confidence hits 3 1/2 year low as housing crunch worsens MarketWatch
Empire State manufacturing index slumps in December to 19-month low MarketWatch
Treasury yields slip amid lingering growth slowdown fears; Fed meeting in focus CNBC
Standoff over Trump border wall puts U.S. Congress in budget 'pickle' Reuters
Tomorrow brings Housing starts and Building permits.
The Markets:
Oil fell almost 3%, the U.S. dollar index dropped, and treasuries rose while the Dow, Nasdaq, and S&P lost over 2% on continued concerns about slowing global growth and an overly aggressive fed when it comes to further interest rate hikes.
Among the big names making news in the market today were Huawei, ZTE, Johnson & Johnson, and Netflix.
GATA Posts:
Von Greyerz, at KWN, notes collapse of European bank stocks
The view from Nome: The world changes when you see gold under water
Ritesh Jain: It's the liquidity, Stupid! That's what is causing all the turmoil
Ambrose Evans-Pritchard: BIS warns of seizure at heart of financial clearing system
J.P. Koning: An early attempt at standardizing money using international gold coins
Here come the class-action lawsuits against JPM for rigging gold and silver futures
BMG Group's Brandon White: Governments less able to hide intervention against gold
The Statistics:
As of close of business: 12/14/2018
Gold Warehouse Stocks: | 8,338,854.476 | -160.755 |
Silver Warehouse Stocks: | 298,087,512.483 | +144,286.134 |
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 | 763.556 | 24,549,098 | US$30,476m |
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$5,521m |
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$6,102m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 274.66: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: No change from yesterday's data.
Pretivm's (PVG) production increase, Golden Star's (GSS) drill results, and Avino's (ASM) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +14.4% $4.37 |
2. Pretivm | PVG +10.51% $8.20 |
3. Yamana | AUY +8.49% $2.30 |
LOSERS
1. Sibanye | SBGL -6.79% $2.61 |
2. Turquoise | TRQ -4.17% $1.61 |
3. Golden Star | GSS -2.68% $2.90 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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