Gold Seeker Closing Report: Gold and Silver Gain with Dollar While Euro Plummets
| Close | Gain/Loss |
Gold | $1302.80 | +$2.70 |
Silver | $17.19 | +$0.12 |
XAU | 84.67 | +1.05% |
HUI | 182.15 | +1.07% |
GDM | 630.53 | +0.78% |
JSE Gold | 1079.22 | +19.42 |
USD | 94.79 | +1.21 |
Euro | 115.81 | -2.10 |
Yen | 90.41 | -0.25 |
Oil | $66.89 | +$0.25 |
10-Year | 2.937% | -0.037 |
T-Bond | 144.34375 | +0.90625 |
Dow | 25175.31 | -0.10% |
Nasdaq | 7761.04 | +0.85% |
S&P | 2782.49 | +0.25% |
The Metals:
Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $17.305 and ended with a gain of 0.70%.
Euro gold jumped above EUR1123, platinum gained $3 to $904, and copper fell 4 cents to about $3.21.
Gold and silver equities rose roughly 1% at the open before they more than halved their gains by early afternoon, but they then bounced back higher into the close and ended near their early session highs.
US business inventories rebound in April CNBC
U.S. retail sales surge in May; weekly jobless claims fall Reuters
U.S. import prices increase solidly in May Reuters
U.S. Retail Sales Top Forecasts, Bolstering Economic Pickup Bloomberg
Jobless claims drop 4,000 to 218,000 MarketWatch
The Markets:
Oil remained firm on OPEC uncertainty.
The U.S. dollar index found notable gains as the euro fell the most in 8 months after the ECB pledged to keep interest rates unchanged until mid-2019.
Treasuries rose on the ECB's dovish policy.
The Dow, Nasdaq, and S&P traded mixed on concerns about U.S. threats to impose tariffs on $50 billion of Chinese goods.
Among the big names making news in the market today were ZTE, Comcast, Michaels, and Etsy.
GATA Posts:
Liberty Dollar reincarnated as asset-backed cryptocurrency
Gold explosion more likely than bull market, GATA chairman says
Unique George Washington gold coin in first auction since 1890
The Statistics:
As of close of business: 6/13/2018
Gold Warehouse Stocks: | 9,013,296.696 | -1,607.50 |
Silver Warehouse Stocks: | 270,544,314.914 | +195,544.527 |
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 | 828.759 | 26,645,429 | US$34,707m |
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$5,797m |
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$6,406m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$467m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.66: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,824.92: -43.91 change from yesterday's data.
McEwen's (MUX) annual meeting results, B2Gold's (BTG) second annual Responsible Mining Report, IAMGOLD's (IAG) assay results, Nevsun's (NSU) mine extension, and Sibanye's (SBGL) recovered miner bodies were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eurasian | EMX +7.14% $1.20 |
2. Yamana | AUY +5.00% $3.15 |
3. Fortuna | FSM +3.07% $5.71 |
LOSERS
1. Taseko | TGB -6.30% $1.19 |
2. Gold Standard | GSV -4.72% $1.21 |
3. Harmony | HMY -3.70% $1.56 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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