Gold Seeker Closing Report: Gold and Silver Gain While Stocks Drop
| Close | Gain/Loss |
Gold | $1223.20 | +$1.30 |
Silver | $14.42 | +$0.01 |
XAU | 65.70 | -0.57% |
HUI | 148.27 | -0.19% |
GDM | 539.96 | +0.11% |
JSE Gold | 1141.62 | +20.05 |
USD | 96.21 | -0.23 |
Euro | 114.50 | +0.33 |
Yen | 88.76 | +0.11 |
Oil | $56.76 | +$0.30 |
10-Year | 3.053% | -0.018 |
T-Bond | 139.8125 | +0.25 |
Dow | 25017.44 | -1.56% |
Nasdaq | 7028.48 | -3.03% |
S&P | 2690.73 | -1.66% |
The Metals:
Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and ended near its early afternoon high of $1225.20 with a gain of 0.11%. Silver chopped between $14.35 and $14.44 and ended with a gain of 0.07%.
Euro gold fell to about EUR1068, platinum gained $7 to $850, and copper remained at about $2.80
Gold and silver equities traded mostly slightly higher and ended mixed.
Markets think Powell 'blinked' in Dallas MarketWatch
Home builder confidence tumbles the most since 2014 as housing headwinds catch up MarketWatch
Goldman Sachs believes the US economy will slow to a crawl next year CNBC
Tomorrow brings Housing starts and Building permits.
The Markets:
Oil turned higher on "news that the European Union backs a decision by the French government to sanction Iran nationals linked to a bomb plot in France."
The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P dropped roughly 2% on renewed concerns about trade issues with China.
U.S.-China Clash at Asian Summit Was Over More Than Words The New York Times
Among the big names making news in the market today were Bitcoin, Danske Bank, Societe Generale, and Nissan.
GATA Posts:
GoldMoney's Mene aims to bring monetary jewelry west from Asia
Support GATA by subscribing to The Calandra Report
Utah coin dealer accused of fraud in $170 million Ponzi scheme involving silver
The Statistics:
As of close of business: 11/16/2018
Gold Warehouse Stocks: | 8,025,418.729 | -643.00 |
Silver Warehouse Stocks: | 294,508,121.582 | +285,478.478 |
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 | 759.684 | 24,424,598 | US$29,831m |
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$5,431m |
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$6,002m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.471 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday's data.
WINNERS
1. EMX Royalty | EMX +2.54% $1.21 |
2. DRDGOLD | DRD +2.27% $2.25 |
3. Pan American | PAAS +2.00% $13.26 |
LOSERS
1. Golden Star | GSS -5.59% $3.04 |
2. Freeport | FCX -3.76% $11.51 |
3. Turquoise | TRQ -3.09% $1.88 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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