Gold Seeker Closing Report: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%
Please note: US markets are closed tomorrow for Christmas.
| Close | Gain/Loss |
Gold | $1269.00 | +$13.50 |
Silver | $14.77 | +$0.15 |
XAU | 70.55 | +2.74% |
HUI | 161.79 | +3.40% |
GDM | 586.16 | +2.58% |
JSE Gold | 1359.59 | +42.78 |
USD | 96.49 | -0.54 |
Euro | 114.21 | +0.58 |
Yen | 90.68 | +0.66 |
Oil | $42.53 | -$3.06 |
10-Year | 2.734% | -0.049 |
T-Bond | 145.40625 | +0.59375 |
Dow | 21792.20 | -2.91% |
Nasdaq | 6192.92 | -2.21% |
S&P | 2351.10 | -2.71% |
The Metals:
Gold gained nearly $10 in Asia before it halved its gains in London, but it then rose to new 6-month highs in New York and ended with a gain of 1.08%. Silver climbed to as high as $14.776 and ended with a gain of 1.03%.
Euro gold rose above EUR1111, platinum remained at $786, and copper fell to about $2.67.
Gold and silver equities rose roughly 3% in the first hour of trade and remained near that level for the rest of the day.
Mnuchin to convene 'Plunge Protection Team', markets slide Reuters
Top Trump aide says government shutdown may go into New Year Reuters
Nov. Chicago Fed Nat'l Activity Index gains on production improvement Bond Buyer
Bonds: Treasury yields lower amid stock market volatility CNBC
White House awaits Democratic reply to 'counteroffer' during shutdown usatoday
Wednesday brings Case-Shiller home prices.
The Markets:
Oil fell almost 7% and the U.S. dollar index dropped notably as treasuries rose while the Dow, Nasdaq, and S&P lost nearly 3% on concerns about liquidity, the fed, politics, the government shutdown, and slowing economic growth.
Among the big names making news in the market today were Tesla, BMW, and Euronext.
GATA Posts:
Treasury secretary summons 'Plunge Protection Team' as markets tumble
London's streets are no longer paved with gold as miners struggle
New York Sun: Trump should take on the Fed
Treasury secretary denies Trump is considering firing Fed chairman
Trump muses about firing Fed chairman, sources tell Bloomberg
Indonesia gains majority ownership of giant Freeport mine
New York Sun: Watch for 'In Money We Trust' on public broadcasting
Barrick slashes jobs at head office; director Anthony Munk to resign
South Florida gold refiner caught with 'blood gold' files bankruptcy
The Statistics:
Activity from: 12/20/2018
Gold Warehouse Stocks: | 8,338,597.271 | -96.45 |
Silver Warehouse Stocks: | 293,566,116.413 | -1,218,812.04 |
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 | 772.672 | 24,842,191 | US$31,324m |
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$5,607m |
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$6,199m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$455m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 3.528 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.91: +0.90 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,864.15: No change from yesterday's data.
WINNERS
1. DRDGOLD | DRD +15.66% $2.29 |
2. Kinross | KGC +5.77% $3.30 |
3. Gold Fields | GFI +5.33% $3.56 |
LOSERS
1. Golden Star | GSS -3.61% $2.67 |
2. Hecla | HL -3.32% $2.33 |
3. Freeport | FCX -2.69% $9.78 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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