Gold Seeker Weekly Wrap-Up: Gold and Silver Edge Lower on the Week but Miners Gain
| Close | Gain/Loss | On Week |
Gold | $1194.10 | -$8.00 | -0.17% |
Silver | $14.06 | -$0.14 | -0.64% |
XAU | 63.36 | -0.60% | +0.51% |
HUI | 137.48 | -0.63% | +0.92% |
GDM | 500.32 | -0.39% | +0.42% |
JSE Gold | 1006.30 | +6.89 | -1.22% |
USD | 94.97 | +0.42 | -0.44% |
Euro | 116.27 | -0.64 | +0.57% |
Yen | 89.30 | -0.01 | -0.94% |
Oil | $68.99 | +$0.40 | +1.83% |
10-Year | 2.993% | +0.020 | +1.94% |
Bond | 142.53125 | -0.625 | -0.57% |
Dow | 26154.67 | +0.03% | +0.92% |
Nasdaq | 8010.04 | -0.05% | +1.36% |
S&P | 2904.98 | +0.03% | +1.16% |
The Metals:
Gold gained $6.40 to $1208.50 in Asia, but it then fell back off in London and New York and ended near its early afternoon low of $1193.20 with a loss of 0.67%. Silver slipped to as low as $14.059 and ended with a loss of 0.99%.
Euro gold fell to EUR1027, platinum lost $7 to $794, and copper dropped 6 cents to about $2.60.
Gold and silver equities waffled near unchanged and ended slightly lower.
U.S. Manufacturing Output Rose in August Amid Surge in Autos Bloomberg
U.S. Consumer Sentiment Rises to Six-Month High, Above Estimate Bloomberg
Retail Sales, Factory Output Signal Steady U.S. Economic Growth Bloomberg
Trump directing aides to proceed with tariffs on $200 billion more of Chinese products Reuters
U.S. retail sales barely rise; import prices drop Reuters
The Markets:
Oil edged higher on worries about more sanctions on Iran.
The U.S. dollar index rose and treasuries fell on strong economic data.
The Dow, Nasdaq, and S&P erased early gains on word that "U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China."
Among the big names making news in the market Friday were Takeda, Citigroup, and Kirby.
GATA Posts:
Is Barrick still central banking's agent in the gold market?
The Statistics:
Activity from: 9/13/2018
Gold Warehouse Stocks: | 8,354,697.353 | +28,067.823 |
Silver Warehouse Stocks: | 292,533,629.868 | -632,443.381 |
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 | 742.527 | 23,872,975 | US$28,690m |
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$5,317m |
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$5,877m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$429m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 2.649 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.72: +0.42 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: +40.94 change from yesterday's data.
Royal Gold's (RGLD) resolved royalty dispute, Nevsun's (NSU) take-over bid, and Hecla's (HL) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. EMX Royalty | EMX +3.57% $1.16 |
2. Pretivm | PVG +1.44% $7.77 |
3. Wheaton | WPM +0.95% $15.95 |
LOSERS
1. Paramount | PZG -4.72% $1.01 |
2. Alexco | AXU -3.64% $1.06 |
3. Americas Silver | USAS-3.35%$2.165 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.