Gold Seeker Weekly Wrap-Up: Gold and Silver Find Modest Gains on the Week
| Close | Gain/Loss | On Week |
Gold | $1199.00 | -$8.30 | +0.41% |
Silver | $14.30 | -$0.01 | +1.71% |
XAU | 66.03 | -1.15% | +4.21% |
HUI | 142.87 | -0.97% | +3.92% |
GDM | 522.58 | -0.72% | +4.45% |
JSE Gold | 1036.35 | -11.97 | +2.99% |
USD | 94.21 | +0.32 | -0.80% |
Euro | 117.55 | -0.27 | +1.10% |
Yen | 88.86 | -0.18 | -0.49% |
Oil | $70.78 | +$0.46 | +2.59% |
10-Year | 3.063% | -0.005 | +2.34% |
Bond | 140.4375 | +0.1875 | -1.47% |
Dow | 26743.50 | +0.32% | +2.25% |
Nasdaq | 7986.96 | -0.51% | -0.29% |
S&P | 2929.67 | -0.04% | +0.85% |
The Metals:
Gold gained $3.70 to $1211.00 in Asia before it crashed down to $1192.00 in early New York trade and then chopped back higher into the close, but it still ended with a loss of 0.69%. Silver slipped to as low as $14.155 and ended with a loss of just 0.07%.
Euro gold fell back under EUR1021, platinum lost $3.50 to $826, and copper jumped 8 cents to about $2.82.
Gold and silver equities fell over 1% at the open before they rallied back above unchanged by late morning, but they then drifted back lower into the close and ended not far from their opening lows.
US: Markit Manufacturing PMI improves to 55.6 in September vs 55 expected CNBC
Mortgage rates jump to four-month high as housing market hits a bump MarketWatch
Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market? Reuters
PM May's statement on Brexit talks after EU rejects her proposals Reuters
The Markets:
Oil rose almost 1% after Reuters reported that "OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions."
The U.S. dollar index rose as the pound and euro fell "after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal."
Treasuries held near unchanged as the Dow, Nasdaq, and S&P traded mixed on uncertainty about OPEC's meeting this weekend.
Among the big names making news in the market Friday were Farfetch, Target, Caterpillar, Adobe, and Micron.
GATA Posts:
Ted Butler: A constructive suggestion
John Paulson is joined by 15 investors in council to oversee gold miners
Japan hit by another cryptocurrency heist, with $60 million stolen
The Statistics:
Activity from: 9/20/2018
Gold Warehouse Stocks: | 8,270,616.995 | -199.989 |
Silver Warehouse Stocks: | 291,561,348.425 | -372,445.027 |
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 | 742.232 | 23,863,511 | US$28,599m |
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$5,318m |
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$5,875m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$430m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.46: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday's data.
Newmont's (NEM) CEO profile and Avino's (ASM) priced offering were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. DRDGOLD | DRD +23.63% $2.25 |
2. Paramount | PZG +6.93% $1.08 |
3. EMX Royalty | EMX +6.19% $1.20 |
LOSERS
1. McEwen | MUX -4.59% $1.87 |
2. Tahoe Resources | TAHO -3.70% $2.86 |
3. Fortuna | FSM -3.10% $4.37 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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