Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Less Than 1% on the Week
| Close | Gain/Loss | On Week |
Gold | $1238.30 | -$4.60 | -0.81% |
Silver | $14.58 | -$0.19 | -0.34% |
XAU | 67.59 | -1.69% | -0.52% |
HUI | 152.66 | -2.56% | -0.83% |
GDM | 560.45 | -1.47% | +0.07% |
JSE Gold | 1302.25 | +3.60 | +8.42% |
USD | 97.46 | +0.39 | +0.89% |
Euro | 113.05 | -0.59 | -0.92% |
Yen | 88.23 | +0.20 | -0.64% |
Oil | $51.20 | -$1.38 | -2.68% |
10-Year | 2.893% | -0.016 | +1.30% |
Bond | 143.4375 | +0.40625 | -0.33% |
Dow | 24100.51 | -2.02% | -1.18% |
Nasdaq | 6910.66 | -2.26% | -0.84% |
S&P | 2599.95 | -1.91% | -1.26% |
The Metals:
Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%.
Euro gold rose to about EUR1096, platinum lost $10 to $786, and copper edged down to about $2.76.
Gold and silver equities fell almost 3% at the open before they bounced back higher at times, but they still ended roughly 2% lower on the day.
China just reported 'ugly' economic data because of the trade war and it's roiling financial markets CNBC
Businesses wary as PMI readings fall to multiyear lows across the globe MarketWatch
Mortgage rates slide to 3-month low, as housing market green shoots appear MarketWatch
Industrial output up 0.6% in November on mining and utilities but factories sputter MarketWatch
U.S. core retail sales accelerate in November Reuters
The Markets:
Oil fell nearly 3% on poor economic data out of China that reignited global growth concerns and sent the U.S. dollar index higher along with treasuries while the Dow, Nasdaq, and S&P dropped roughly 2%.
Among the big names making news in the market Friday were Walgreens, Adobe, GM, Facebook, Costco, Johnson & Johnson, and Starbucks.
GATA Posts:
London trader Maguire interviewed on RT about gold and silver market rigging
Ignoring U.S. government's market rigging, Wall Street Journal goes after Saudi Arabia's
Paulson wins control of Detour board in key shareholder vote
The Statistics:
Activity from: 12/13/2018
Gold Warehouse Stocks: | 8,339,015.231 | - |
Silver Warehouse Stocks: | 297,943,226.349 | +576,052.471 |
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 | 763.556 | 24,549,098 | US$30,322m |
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$5,507m |
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$6,083m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$444m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 274.66: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: No change from yesterday's data.
Wheaton's (WPM) settlement with the Canada Revenue Agency, Paramount's (PZG) AGM results, Barrick's (ABX) additional investment in Reunion Gold, and Alamos Gold's (AGI) accident at its Mulatos Mine and clarification on development activities at its Kirazl?? project were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Wheaton | WPM +14.17% $18.94 |
2. Turquoise | TRQ +1.20% $1.68 |
3. Endeavour Silver | EXK +0.50% $2.01 |
LOSERS
1. Alamos | AGI -6.60% $2.97 |
2. Coeur | CDE -5.91% $3.82 |
3. Silvercorp | SVM -4.27% $2.02 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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