• Gold: 1,221.19 -0.69
  • Silver: 14.37 -0.04
  • Euro: 1.141 -0.001
  • USDX: 96.465 -0.521
  • Oil: 57.08 0.29

August 31: Gold and Silver Find Slight Losses on the Week

Chris Mullen
|
Friday, August 31st

 

Close

Gain/Loss

On Week

Gold

$1199.10

-$1.10

-0.54%

Silver

$14.51

-$0.05

-2.03%

XAU

66.24

%4-0.2

-2.13%

HUI

143.23

-0.29%

-2.44%

GDM

517.50

-0.67%

-1.98%

JSE Gold

996.21

+24.51

+4.74%

USD

95.09

+0.44

-0.04%

Euro

116.06

-0.69

-0.15%

Yen

90.09

-0.09

+0.07%

Oil

$69.80

-$0.45

+1.57%

10-Year

2.862%

-0.003

+1.74%

Bond

144.71875

-0.25

-0.77%

Dow

25964.82

-0.09%

+0.68%

Nasdaq

8109.54

+0.26%

+2.06%

S&P

2901.52

+0.01%

+0.93%

 
http://www.goldseek.com/news/2018/2018-08-31_14-05-47.jpg

 

The Metals:

 

Gold gained $8.60 to $1208.80 in Asia, but it then chopped back lower in London and New York and ended with a loss of 0.09%. Silver slipped to as low as $14.487 and ended with a loss of 0.34%.

 

Euro gold rose above €1033, platinum lost $7 to $783, and copper dropped a few cents to about $2.64.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

Consumer sentiment edges up in August but remains at lowest level since January  CNBC

Chicago PMI falls to 63.6 in August from 65.5 in July  MarketWatch

Bernanke, Geithner and Paulson ‘have invented alternative history’ of Lehman collapse, professor says  MarketWatch

 

The Markets:

 

Oil fell as the U.S. dollar index rose and treasuries traded mixed on uncertainty over trade talks that held the Dow, Nasdaq, and S&P near unchanged.

 

Among the big names making news in the market Friday were Lululemon, Big Lots, Coca-Cola, Cronos, and Amazon.

 

GATA Posts:

 

 

CFTC orders BNP Paribas to pay $90 million penalty for rate-rigging

Russian lawmaker suggests gold-linked cryptocurrency for weapons exports

 

The Statistics:

Activity from: 8/30/2018

Gold Warehouse Stocks:

8,430,566.702

-

Silver Warehouse Stocks:

294,207,451.965

+1,221,049.63

 

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

757.808

24,364,288

US$29,287m

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$431m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.061 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 263.52: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,259.67: +23.39 change from yesterday’s data.

 

The Miners:

 

Goldcorp’s (GG) dividend and Randgold’s (GOLD) total voting rights were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Sibanye

SBGL +2.16% $2.36

2.  Americas Silver

USAS +2.11% $2.42

3.  First Majestic

AG +1.65% $5.56

 

LOSERS

1.  Paramount

PZG -6.36% $1.03

2.  EMX Royalty

EMX -5.00% $1.14

3.  Pretivm

PVG -2.81% $8.29

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

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