Gold Seeker Weekly Wrap-Up: Gold and Silver Gain on the Week While Stocks Fall the Most in 10 Years
| Close | Gain/Loss | On Week |
Gold | $1255.50 | -$5.50 | +1.39% |
Silver | $14.62 | -$0.15 | +0.27% |
XAU | 68.67 | -1.60% | +1.60% |
HUI | 156.47 | -1.28% | +2.50% |
GDM | 570.74 | -1.04% | +1.84% |
JSE Gold | 1316.81 | -28.01 | +1.12% |
USD | 97.03 | +0.69 | -0.44% |
Euro | 113.63 | -0.94 | +0.51% |
Yen | 90.02 | -0.10 | +2.03% |
Oil | $45.59 | -$0.29 | -10.96% |
10-Year | 2.783% | -0.021 | -3.80% |
Bond | 144.8125 | +0.09375 | +0.96% |
Dow | 22445.37 | -1.81% | -6.87% |
Nasdaq | 6332.99 | -2.99% | -8.36% |
S&P | 2416.58 | -2.06% | -7.05% |
The Metals:
Dow dives 400 points to end its worst week in 10 years
Gold edged up to $1262.60 in Asia before it dropped back to $1256.20 in London and then bounced back above unchanged in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.44%. Silver chopped between $14.777 and $14.606 and ended with a loss of 1.02%.
Euro gold rose above EUR1105, platinum lost $7 to $786, and copper fell 2 cents to about $2.77.
Gold and silver equities traded roughly 1% lower for most of the day.
Consumer sentiment index rises to 98.3 in final December reading MarketWatch
November durable goods orders point to underlying weakness MarketWatch
Consumer spending rises 0.4% in November, outpacing income growth MarketWatch
U.S. third-quarter economic growth revised down to 3.4 percent Reuters
Trump threatens 'very long' U.S. government shutdown Reuters
The Markets:
Oil ended slightly lower on persistent oversupply concerns.
The U.S. dollar index rose on safe haven buying from fears of a government shutdown that held treasuries steady and sent the Dow, Nasdaq, and S&P as much as 3% lower.
Among the big names making news in the market Friday were Total, Perrigo, and Nike.
The Statistics:
Activity from: 12/20/2018
Gold Warehouse Stocks: | 8,338,597.271 | -96.45 |
Silver Warehouse Stocks: | 293,566,116.413 | -1,218,812.04 |
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 | 769.144 | 24,728,738 | US$31,105m |
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$5,585m |
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$6,173m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 2.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.01: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,864.15: -43.80 change from yesterday's data.
Freeport's (FCX) completion of its transaction with the Indonesian government and Northern Dynasty's (NAK) completed first tranche of a private placement were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Golden Star | GSS +5.32% $2.77 |
2. B2Gold | BTG +2.21% $2.78 |
3. Yamana | AUY +2.18% $2.34 |
LOSERS
1. Sibanye | SBGL -8.56% $2.35 |
2. DRDGOLD | DRD -8.33% $1.98 |
3. Gold Resource | GORO-4.53% $3.79 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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