Gold Seeker Weekly Wrap-Up: Gold Dips While Silver Rises on the Week
| Close | Gain/Loss | On Week |
Gold | $1191.70 | +$7.40 | -0.61% |
Silver | $14.62 | +$0.36 | +2.24% |
XAU | 65.18 | +0.91% | -1.29% |
HUI | 141.07 | +0.79% | -1.26% |
GDM | 515.54 | +0.78% | -1.35% |
JSE Gold | 996.28 | +12.15 | -3.87% |
USD | 95.15 | +0.21 | +1.00% |
Euro | 116.12 | -0.31 | -1.22% |
Yen | 88.16 | -0.13 | -0.79% |
Oil | $73.25 | +$1.13 | +3.49% |
10-Year | 3.055% | +0.001 | -0.26% |
Bond | 140.5625 | -0.09375 | +0.09% |
Dow | 26458.31 | +0.07% | -1.07% |
Nasdaq | 8046.35 | +0.05% | +0.74% |
S&P | 2913.98 | -0.00% | -0.54% |
The Metals:
Gold dropped $3.40 to $1180.90 in Asia, but it then jumped up to as high as $1193.60 by late morning in New York and ended with a gain of 0.62%. Silver surged to as high as $14.714 and ended with a gain of 2.52%.
Euro gold rose above EUR1026, platinum gained $5 to $814, and copper climbed 3 cents to about $2.80.
Gold and silver equities rose roughly 1% in the first 30 minutes of trade and remained near that level for the rest of the day.
September consumer sentiment tops triple digit mark for only the third time since January 2004 CNBC
U.S. consumer spending rises; monthly inflation slows Reuters
Chicago PMI falls to five-month low in September MarketWatch
The Markets:
Oil gained almost 2% on signs of tighter global supplies.
The U.S. dollar index rose "after the Italian government's deficit target sparked a selloff in the country's bonds and weighed on the euro."
Treasuries edged lower as the Dow, Nasdaq, and S&P waffled near unchanged on mixed economic data.
Among the big names making news in the market Friday were JC Penny, Honda, Blackberry, and Tesla.
GATA Posts:
JPMorgan's Marko Kolanovic says dollar hegemony is now at risk
Peter Hambro returns to Russian gold miner Petropavlovsk
Judge sides with CFTC on virtual currency oversight
The Statistics:
Activity from: 9/27/2018
Gold Warehouse Stocks: | 8,331,574.891 | -1,157.836 |
Silver Warehouse Stocks: | 289,681,227.154 | +600,172.978 |
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$28,323m |
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$5,297m |
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$5,851m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$428m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.59.
Silver Trust (SLV) Total Tonnes in Trust: 10,358.91.
Randgold's (GOLD) comments on Kibaali Goldmines SA and Freeport's (FCX) Divestment Agreement were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. B2Gold | BTG +5.99% $2.30 |
2. Tahoe Resources | TAHO +3.72% $2.79 |
3. First Majestic | AG +3.09% $5.68 |
LOSERS
1. Paramount | PZG -5.36% $1.06 |
2. Alexco | AXU -2.83% $1.03 |
3. EMX Royalty | EMX -1.61% $1.22 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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