• Gold: 1,174.03 0.36
  • Silver: 14.65 0.01
  • Euro: 1.137 0.000
  • USDX: 96.607 -0.137
  • Oil: 65.48 0.5

August 10: Gold and Silver End Slightly Lower on the Week

Chris Mullen
|
Friday, August 10th

 

Close

Gain/Loss

On Week

Gold

$1211.40

-$0.60

-0.17%

Silver

$15.32

-$0.12

-0.65%

XAU

73.87

-0.78%

-2.92%

HUI

159.92

UNCH

-2.89%

GDM

573.24

-0.86%

-2.44%

JSE Gold

1101.10

+46.95

+2.21%

USD

96.35

+0.75

+1.24%

Euro

114.13

-1.17

-1.37%

Yen

90.23

-0.05

+0.37%

Oil

$67.63

+$0.82

-1.26%

10-Year

2.871%

-0.055

-2.74%

Bond

144.34375

+1.0625

+0.96%

Dow

25313.14

-0.77%

-0.59%

Nasdaq

7839.11

-0.67%

+0.35%

S&P

2833.28

-0.71%

-0.25%

 
http://www.goldseek.com/news/2018/2018-08-10_14-01-37.jpg

 

The Metals:

 

Gold dipped $6.20 to $1205.80 in Asia before it rallied up to $1217.00 by late morning in New York, but it then fell back off into midday and ended with a loss of 0.05%. Silver slipped to as low as $15.296 and ended with a loss of 0.78%.

 

Euro gold jumped above €1062, platinum lost $9.50 to $827, and copper dropped a penny to about $2.74.

 

Gold and silver equities saw slight gains for most of the morning, but they then edged back lower into the close and ended with modest losses on the day.

 

The Economy:

 

Federal budget deficit increases 79% in July  MarketWatch

Did Powell & Co. trigger the emerging-market carnage? A look at what’s going on in Turkey, Argentina and elsewhere  MarketWatch

Core inflation in July was the hottest of the cycle, CPI shows  MarketWatch

 

The Markets:

 

Oil rose over 1% after the IEA raised its forecast for global oil demand growth.

 

The U.S. dollar index jumped higher along with treasuries while the Dow, Nasdaq, and S&P dropped “as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets.”

 

Among the big names making news in the market Friday were GE, Tesla, Dropbox, and Intel.

 

GATA Posts:

 

 

David Brady at Sprott Money: No bottom in gold until trade war ends

Currency comptroller brushes off GATA's inquiry on gold, silver EFPs

GATA figures heavily in 'Codes and Conspiracies' TV program on gold

Ted Butler: Silver's next run to $50 and beyond

 

The Statistics:

Activity from: 8/9/2018

Gold Warehouse Stocks:

8,641,419.507

-

Silver Warehouse Stocks:

287,191,873.874

+593,190.183

 

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

786.076

25,273,124

US$30,688m

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$5,424m

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$6,007m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$435m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,215.81: No change from yesterday’s data.

 

The Miners:

 

Second quarter results from Pretivm (PVG), Alio Gold (ALO), ITH (THM), Seabridge (SA), Golden Minerals (AUMN), and Silvercorp (SVM) were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Pretivm

PVG +19.07% $9.24

2.  Seabridge

SA +7.49% $12.20

3.  Endeavour Silver

EXK +3.28% $2.52

 

LOSERS

1.  Alio Gold

ALO -16.67% $1.05

2.  Americas Silver

USAS -6.02% $2.50

3.  Silvercorp

SVM -4.90% $2.72

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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