• Gold: 1,198.87 -0.10
  • Silver: 14.24 -0.06
  • Euro: 1.174 -0.001
  • USDX: 94.22 0.304
  • Oil: 70.79 0.54

August 27: Gold and Silver Gain with Stocks

Chris Mullen
|
Monday, August 27th

 

Close

Gain/Loss

Gold

$1210.30

+$4.70

Silver

$14.88

+$0.07

XAU

68.79

+1.63%

HUI

149.19

+1.62%

GDM

537.42

+1.79%

JSE Gold

977.34

+26.23

USD

94.76

-0.37

Euro

116.85

+0.62

Yen

90.15

+0.12

Oil

$68.87

+$0.15

10-Year

2.848%

+0.035

T-Bond

145.15625

-0.4375

Dow

26049.64

+1.01%

Nasdaq

8017.90

+0.91%

S&P

2896.74

+0.77%

 
http://www.goldseek.com/news/2018/2018-08-27_14-01-56.jpg

 

The Metals:

 

Gold saw modest gains in Asia before it fell back to $1203.30 in London, but it then jumped to as high as $1212.40 in New York and ended with a gain of 0.39%. Silver chopped between $14.747 and $14.914 and ended with a gain of 0.47%.

 

Euro gold fell to about €1036, platinum gained $13 to $801, and copper climbed a penny to about $2.71.

 

Gold and silver equities gained nearly 2% in the first 45 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Trump announces trade deal with Mexico and says he wants to drop 'Nafta' name  MarketWatch

Mexico-U.S. NAFTA agreement close, but item still pending: minister  Reuters

Powell sets Fed's course with data-based judgment  Reuters

Trade-war tracker: Here are the new levies, imposed and threatened  MarketWatch

 

Tomorrow brings Advance trade in goods, the Case-Shiller home price index, and Consumer confidence.

 

The Markets:

 

Oil edged higher and the U.S. dollar index dropped with treasuries as the Dow, Nasdaq, and S&P gained roughly 1% after “the United States and Mexico reached a deal to replace the North American Free Trade Agreement.”

 

Among the big names making news in the market today were Aegon, Transamerica, Legg Mason, Pfizer, and Tesla.

 

GATA Posts:

 

 

Deutsche Bank merger with Commerzbank considered likely

China suggests it wants no more devaluation of yuan

 

The Statistics:

As of close of business: 8/24/2018

Gold Warehouse Stocks:

8,432,741.736

-

Silver Warehouse Stocks:

291,024,737.439

-73,746.97

 

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

764.580

24,582,010

US$29,433m

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$434m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.65 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: +0.33 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Harmony

HMY +8.75% $1.74

2.  Sibanye

SBGL +7.36% $2.48

3.  First Majestic

AG +6.17% $5.85

 

LOSERS

1.  DRDGOLD

DRD -1.41% $2.10

2.  Gold Standard

GSV -1.20% $1.64

3.  Nevsun

NSU -0.27% $3.70

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2018

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

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map