• Gold: 1,225.16 0.30
  • Silver: 14.67 0.01
  • Euro: 1.158 -0.000
  • USDX: 95.048 -0.052
  • Oil: 72.2 0.05

September 17: Gold and Silver Gain While Dollar Drops

Chris Mullen
|
Monday, September 17th

 

Close

Gain/Loss

Gold

$1200.50

+$6.40

Silver

$14.17

+$0.11

XAU

64.95

+2.51%

HUI

140.57

+2.25%

GDM

510.05

+1.88%

JSE Gold

1029.79

+23.49

USD

94.50

-0.47

Euro

116.88

+0.61

Yen

89.34

+0.04

Oil

$68.91

-$0.08

10-Year

2.993%

UNCH

T-Bond

142.625

+0.09375

Dow

26062.12

-0.35%

Nasdaq

7895.79

-1.43%

S&P

2888.80

-0.56%

 
http://www.goldseek.com/news/2018/2018-09-17_14-05-42.jpg

 

The Metals:

 

Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $14.246 and ended with a gain of 0.78%.

 

Euro gold remained at €1027, platinum gained $3 to $797, and copper climbed 4 cents to about $2.64.

 

Gold and silver equities rose roughly 2% in the first hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

Trump says he will announce decision on China tariffs after market close  Reuters

Manufacturers grow at slower but still rapid pace in September, Fed's Empire survey shows  MarketWatch

Trump set to slap $200 billion in tariffs on Chinese goods: WSJ  CNBC

 

Tomorrow brings the home builders' index.

 

The Markets:

 

Oil edged lower and the U.S. dollar index fell markedly on lingering trade tensions that sent treasuries higher and the Dow, Nasdaq, and S&P lower.

 

Among the big names making news in the market today were Bed Bath & Beyond, Coke, Time, and Tyson Foods.

 

GATA Posts:

 

 

Shanghai Gold Exchange begins trading Chinese panda gold coins

Barrick increasingly seems to be a Chinese tool

Join GATA in New Orleans in November and you can't lose

 

The Statistics:

As of close of business: 9/14/2018

Gold Warehouse Stocks:

8,331,773.690

-22,923.663

Silver Warehouse Stocks:

293,337,752.737

+804,122.869

 

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® Gold Shares

742.527

23,872,975

US$28,688m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,343m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$5,905m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$431m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.72: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday’s data.

 

The Miners:

 

AngloGold’s (AU) wage deal, Coeur’s (CDE) fatal accident, and Alexco’s (AXU) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  New Gold

NGD +10.1% $1.09

2.  Tahoe Resources

TAHO +9.33% $2.93

3.  Gold Standard

GSV +8.00% $1.62

 

LOSERS

1.  Buenaventura

BVN-4.57% $12.32

2.  DRDGOLD

DRD -3.30% $2.05

3.  EMX Royalty

EMX -3.07% $1.12

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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