Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 2% and 4% on the Week
| Close | Gain/Loss | On Week |
Gold | $1209.90 | -$14.00 | -1.88% |
Silver | $14.17 | -$0.26 | -3.93% |
XAU | 64.16 | -1.88% | -4.51% |
HUI | 143.41 | -1.61% | -4.04% |
GDM | 529.60 | -1.47% | -3.05% |
JSE Gold | 1098.11 | -23.50 | -3.09% |
USD | 96.90 | +0.22 | +0.47% |
Euro | 113.39 | -0.22 | -0.49% |
Yen | 88.03 | +0.06 | -0.43% |
Oil | $60.19 | -$0.48 | -4.67% |
10-Year | 3.190% | -0.050 | -0.78% |
Bond | 137.875 | +0.6875 | +0.52% |
Dow | 25989.30 | -0.77% | +2.84% |
Nasdaq | 7406.90 | -1.65% | +0.68% |
S&P | 2781.01 | -0.92% | +2.13% |
The Metals:
Gold dropped $16.90 to $1207.00 by midday in New York before it bounced back higher into the close, but it still ended with a loss of 1.14%. Silver slipped to as low as $14.108 and ended with a loss of 1.8%.
Euro gold fell to about EUR1067, platinum lost $13.50 to $854.50, and copper dropped 5 cents to about $2.68.
Gold and silver equities fell over 3% in the first hour of trade before they bounced back higher at times, but they still ended nearly 2% lower on the day.
U.S. wholesale inventories rise more in September than initially estimated Reuters
Consumer sentiment above expectations in preliminary Nov. read Bond Buyer
US producer price index rose 0.6% in Oct, vs 0.2% rise expected CNBC
Fed officials point to vulnerabilities behind hot U.S. labor market Reuters
The Markets:
Oil continued lower on oversupply concerns.
The U.S. dollar index rose as the euro fell on renewed doubts about a Brexit deal.
Treasuries found decent gains as the Dow, Nasdaq, and S&P dropped roughly 1% after weak data out of China raised worries about global economic growth.
Among the big names making news in the market Friday were Crocs, Dropbox, Potbelly, Yelp, Activision, and GE.
GATA Posts:
Deutsche, other bullion banks seeking insurance with physical gold, Maguire tells KWN
Big investors sue 16 banks in U.S. over currency market rigging
Bank of England stalls return of Venezuela's gold
The Statistics:
Activity from: 11/8/2018
Gold Warehouse Stocks: | 8,020,366.429 | - |
Silver Warehouse Stocks: | 293,756,844.221 | -742,642.635 |
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 | 755.232 | 24,281,476 | US$29,402m |
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$5,370m |
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$5,935m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$434m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.73: +0.21 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,131.15: -8.77 change from yesterday's data.
Pretivm's (PVG) third quarter results and director appointment, Seabridge Gold's (SA) private placement, Gold Fields' operating update, and Fortuna's (FSM) third quarter results were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Pretivm | PVG +3.57% $7.54 |
2. Seabridge | SA +2.78% $12.57 |
3. Silvercorp | SVM +1.83% $2.22 |
LOSERS
1. Coeur | CDE -6.61% $4.66 |
2. Sibanye | SBGL -5.93% $2.38 |
3. Alamos | AGI -5.28% $3.59 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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