Gold Seeker Closing Report: Gold and Silver Gain with Stocks and Dollar
| Close | Gain/Loss |
Gold | $1194.30 | +$0.90 |
Silver | $15.07 | +$0.08 |
XAU | 70.69 | -1.30% |
HUI | 152.57 | -1.26% |
GDM | 551.89 | -1.14% |
JSE Gold | 1032.65 | -66.33 |
USD | 96.69 | +0.33 |
Euro | 113.46 | -0.54 |
Yen | 90.12 | -0.12 |
Oil | $67.04 | -$0.16 |
10-Year | 2.893% | +0.019 |
T-Bond | 144.03125 | -0.28125 |
Dow | 25299.92 | +0.45% |
Nasdaq | 7870.89 | +0.65% |
S&P | 2839.96 | +0.64% |
The Metals:
Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early afternoon, but then bounced back higher into the close and ended with a gain of 0.08%. Silver rose to as high as $15.107 and ended with a gain of 0.53%.
Euro gold rose to about EUR1053, platinum gained $2 to $801, and copper fell 5 cents to about $2.68.
Gold and silver equities fell over 1% by midafternoon and remained near that level for the rest of the day.
Household debt now 19% above crisis low after 16th straight gain MarketWatch
U.S. import prices flat; dollar limits imported inflation Reuters
U.S. Small-Business Optimism Climbs to Second Highest on Record Bloomberg
The Markets:
Oil closed slightly lower in mixed trade ahead of tomorrow's inventory report.
The U.S. dollar index rose as the euro fell on concerns about the exposure of European banks to Turkey.
Treasuries fell as the Dow, Nasdaq, and S&P rose on healthy earnings reports.
Among the big names making news in the market today were Ford, Tesla, Wells Fargo, Nvidia, Home Depot, and NIO.
GATA Posts:
People will notice inflation all at once, GATA chairman tells GoldSeek Radio
The Statistics:
As of close of business: 8/13/2018
Gold Warehouse Stocks: | 8,577,117.507 | - |
Silver Warehouse Stocks: | 286,830,367.376 | +796,874.63 |
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 | 784.603 | 25,225,785 | US$30,191m |
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$5,424m |
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$6,007m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$429m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.473 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,177.78: No change from yesterday's data.
Gold Fields' (GFI) restructuring, B2Gold's (BTG) work in Mali, and Pretivm's (PVG) board change were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +9.12% $9.45 |
2. First Majestic | AG +2.37 $5.62 |
3. Fortuna | FSM +1.75% $4.65 |
LOSERS
1. Gold Fields | GFI -12.8% $2.93 |
2. DRDGOLD | DRD -7.32% $2.28 |
3. Americas Silver | USAS -5.35% $2.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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