Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 1% and 2% on the Week
| Close | Gain/Loss | On Week |
Gold | $1230.80 | +$7.90 | -0.87% |
Silver | $15.51 | +$0.19 | -1.84% |
XAU | 79.57 | +0.71% | -1.07% |
HUI | 172.02 | +0.81% | -0.86% |
GDM | 605.41 | +0.66% | -1.19% |
JSE Gold | 1010.43 | +8.45 | -1.93% |
USD | 94.43 | -0.79 | -0.31% |
Euro | 117.26 | +0.85 | +0.36% |
Yen | 89.78 | +0.78 | +0.87% |
Oil | $70.46 | +$1.00 | -0.77% |
10-Year | 2.896% | +0.057 | +2.22% |
Bond | 144.21875 | -1.0625 | -1.05% |
Dow | 25058.12 | -0.03% | +0.15% |
Nasdaq | 7820.20 | -0.07% | -0.07% |
S&P | 2801.83 | -0.09% | +0.02% |
The Metals:
Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its session high of $1232.10 with a gain of 0.65%. Silver rose to as high as $15.536 and ended with a gain of 1.24%.
Euro gold dropped under EUR1050, platinum gained $21.50 to $826, and copper jumped 5 cents to about $2.75.
Gold and silver equities rose over 1% at the open before they drifted back lower at times, but they still ended with decent gains on the day.
Trump worries that Fed will raise rates two more times this year: White House official CNBC
Trump threatens tariffs on all $500 billion of Chinese imports Reuters
Trump on Putin meeting: it wasn't all rosy Reuters
Trade uncertainty prompts spike in investor caution MarketWatch
Next week's economic highlights include Existing home sales on Monday, Markit data on Tuesday, New home sales on Wednesday, Weekly jobless claims, Durable goods orders, and Advance trade in goods on Thursday, and GDP and Consumer sentiment on Friday.
The Markets:
Oil rose over 1% as the U.S. dollar index fell along with treasuries on concerns about trade conflicts that held the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market Friday were Netflix, State Street, JetBlue, Microsoft, and GE.
GATA Posts:
Currency war erupts as Trump blames China, EU for 'manipulating'
Putin hedges Trump bet by dumping Treasuries to safeguard assets
Trump says China, EU, others are manipulating their currencies
The Statistics:
Activity from: 7/19/2018
Gold Warehouse Stocks: | 8,661,381.883 | - |
Silver Warehouse Stocks: | 280,530,698.055 | +576,473.465 |
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 | 798.134 | 25,660,814 | US$31,524m |
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$5,455m |
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$6,028m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$441m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 4.124 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.22: -1.16 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,188.00: +23.41 change from yesterday's data.
WINNERS
1. Eldorado | EGO +6.54% $1.14 |
2. Great Panther | GPL +3.57% $1.16 |
3. Endeavour Silver | EXK +3.48% $2.97 |
LOSERS
1. Avino | ASM -1.77% $1.11 |
2. Eurasian | EMX -1.76% $1.09 |
3. NovaGold | NG -1.10% $4.48 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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