• Gold: 1,246.78 2.54
  • Silver: 14.68 0.16
  • Euro: 1.139 0.003
  • USDX: 97.001 -0.218
  • Oil: 51.61 0.75

September 19: Gold and Silver Gain with Oil

Chris Mullen
|
Wednesday, September 19th

 

Close

Gain/Loss

Gold

$1203.50

+$5.10

Silver

$14.24

+$0.09

XAU

66.69

+1.97%

HUI

144.38

+2.25%

GDM

521.55

+1.96%

JSE Gold

1057.11

+11.53

USD

94.55

-0.07

Euro

116.73

+0.05

Yen

89.25

+0.07

Oil

$71.12

+$1.27

10-Year

3.080%

+0.026

T-Bond

141.0625

-0.34375

Dow

26405.76

+0.61%

Nasdaq

7950.04

-0.08%

S&P

2907.95

+0.13%

 
http://www.goldseek.com/news/2018/2018-09-19_14-16-13.jpg

 

The Metals:

 

Gold gained $7.80 to $1206.20 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.43%. Silver rose to as high as $14.335 and ended with a gain of 0.64%.

 

Euro gold climbed to €1031, platinum gained $10 to $821, and copper remained at about $2.71.

 

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:

 

U.S. current-account deficit sinks 17%  MarketWatch

‘Voodoo economics’ is about to kill this bull market, warns Nouriel Roubini  MarketWatch

U.S. housing starts rise on jump in multi-family construction  Reuters

 

Tomorrow brings Weekly jobless claims, the Philly Fed index, Existing home sales, and Leading economic indicators.

 

The Markets:

 

Oil rose almost 2% after the Energy Information Administration reported that crude inventories fell 2.1 million barrels, gasoline inventories fell 1.7 million barrels, and distillates rose 800,000 barrels.

 

The U.S. dollar index waffled near unchanged and ended slightly lower.

 

Treasuries fell on the continued outlook for higher interest rates after this morning’s upbeat housing data sent the Dow, Nasdaq, and S&P mostly higher.

 

Among the big names making news in the market today were Tilray, Hyundai, and Danske Bank.

 

GATA Posts:

 

 

Russian oil firm seeks alternative to dollars, Reuters says

China's premier insists it's not devaluing the yuan

Zimbabwe miner may pay suppliers in gold amid national cash shortage

 

The Statistics:

As of close of business: 9/18/2018

Gold Warehouse Stocks:

8,270,816.984

-

Silver Warehouse Stocks:

291,771,445.382

-2,013,387.50

 

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

742.232

23,863,511

US$28,709m

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$5,344m

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$5,909m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$432m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.295

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.10: +0.38 change from yesterday’s data.

 

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

 

The Miners:

 

Upcoming Presentations at the Denver Gold Forum and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Sibanye

SBGL +5.79% $2.56

2.  Buenaventura

BVN +4.36% $13.16

3.  Alamos Fold

AGI +3.82% $4.62

 

LOSERS

1.  Paramount

PZG -1.94% $1.01

2.  DRDGOLD

DRD -1.49% $1.99

3.  Gold Standard

GSV -1.16% $1.71

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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