• Gold: 1,222.54 -3.85
  • Silver: 14.57 -0.06
  • Euro: 1.147 -0.004
  • USDX: 96.005 0.292
  • Oil: 69.58 -0.05

August 9: Gold and Silver Close Mixed

Chris Mullen
|
Thursday, August 9th

 

Close

Gain/Loss

Gold

$1212.00

-$1.50

Silver

$15.44

+$0.02

XAU

74.46

+0.09%

HUI

159.92

-0.36%

GDM

577.95

+0.04%

JSE Gold

1054.15

-3.56

USD

95.60

+0.50

Euro

115.30

-0.85

Yen

90.28

+0.22

Oil

$66.81

-$0.13

10-Year

2.926%

-0.037

T-Bond

143.4375

+0.8125

Dow

25509.23

-0.29%

Nasdaq

7891.78

+0.04%

S&P

2853.58

-0.14%

 

The Metals:

 

Gold dipped $2.60 to $1210.90 in Asia before it bounced back to $1217.20 in London and then dropped back lower in New York, but it ended with a loss of just 0.12%. Silver chopped between $15.367 and $15.503 and ended with a gain of 0.13%.

 

Euro gold rose above €1051, platinum gained $7.50 to $836.50, and copper climbed a penny to about $2.75.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. weekly jobless claims unexpectedly fall; core PPI rises in July  Reuters

U.S. jobless claims decline for first time in three weeks  MarketWatch

U.S. June wholesale inventories revised higher   Reuters

 

Tomorrow brings CPI and the Federal budget.

 

The Markets:

 

The U.S. dollar index rose as the ruble fell markedly after a “draft Senate bill proposing tough new sanctions for Russia’s role in interfering in the 2016 U.S. presidential election was published Wednesday by local Russian newspaper The Kommersant.”

 

Oil edged lower on continued concerns about a trade war that sent treasuries higher and held the Dow, Nasdaq, and S&P near unchanged.

 

Among the big names making news in the market today were Yelp, Spotify, Maersk, Samsung, GM, Comcast, Tribune, and Booking Holdings.

 

The Statistics:

As of close of business: 8/8/2018

Gold Warehouse Stocks:

8,641,419.507

-

Silver Warehouse Stocks:

286,598,683.691

+764,381.96

 

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$30,687m

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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.456 tonnes.

 

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:

 

Randgold’s (RAND) second quarter results, Nevsun’s (NSU) rejected offer, Avino’s (ASM) second quarter results, Alexco’s (AXU) drill results, and Hecla’s (HL) second quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pan American

PAAS +8.98% $17.36

2.  Hecla

HL +8.36% $3.11

3.  Americas Silver

USAS +5.14% $2.66

 

LOSERS

1.  Fortuna

FSM -4.65% $4.72

2.  New Gold

NGD -4.20% $1.14

3.  IAMGOLD

IAG -3.65% $5.02

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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