• Gold: 1,522.25 -2.28
  • Silver: 18.65 -0.05
  • Euro: 1.099 -0.000
  • USDX: 98.626 0.113
  • Oil: 58.48 0.03

December 10: Gold and Silver End Slightly Lower

Chris Mullen
|
Monday, December 10th

 

Close

Gain/Loss

Gold

$1244.30

-$4.10

Silver

$14.52

-$0.11

XAU

67.40

-0.79%

HUI

154.01

+0.05%

GDM

560.44

+0.02%

JSE Gold

1249.20

+48.07

USD

97.21

+0.61

Euro

113.57

-0.53

Yen

88.34

-0.46

Oil

$51.00

-$1.61

10-Year

2.854%

-0.002

T-Bond

144.0625

+0.15625

Dow

24423.26

+0.14%

Nasdaq

7020.52

+0.74%

S&P

2637.72

+0.18%

 
http://www.goldseek.com/news/2018/2018-12-10_14-02-25.jpg

 

The Metals:

 

Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back higher in morning New York trade, but it then fell back off again into the close and with a loss of 0.33%. Silver slipped to as low as $14.478 and ended with a loss of 0.75%.

 

Euro gold rose to about €1096, platinum lost $9.50 to $781.50, and copper fell 3 cents to about $2.72.

 

Gold and silver equities rose roughly 1% in the first hour of trade, but they then fell back off in early afternoon trade and ended near unchanged.

 

The Economy:

 

Here’s what mortgage ‘rate lock’ looks like, in one chart  MarketWatch

U.S. job openings crest to just over 7 million and remain near record high  MarketWatch

Brexit in turmoil as May pulls vote on her divorce deal  Reuters

In a tight labor market, companies bet big on five-year rewards  Reuters

A bruised stock market looks to the Fed for relief  MarketWatch

 

Tomorrow brings PPI.

 

The Markets:

 

Oil fell over 3% “on growing concerns over a slowdown in energy demand.”

 

The U.S. dollar index rose with treasuries as the euro and pound dropped after May scrapped the Brexit vote scheduled for Tuesday.

 

The Dow, Nasdaq, and S&P “ended a volatile session slightly higher on Monday, helped by gains in technology shares, though uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.”

 

Among the big names making news in the market today were Verizon, Qualcomm, Tivity Health and Nutrisystem, and Apple.

 

GATA Posts:

 

 

How obliging of South Africa's miners, unions, and government not to care about gold price suppression

Ronan Manly: French central bank and JP Morgan team up to boost gold lending

India and United Arab Emirates to stop using U.S. dollars in trade

Detour Gold's battle with billionaire down to the wire -- and both sides may claim victory

BIS gold swaps fall in November but bank continues secret trading

 

 

The Statistics:

As of close of business: 12/7/2018

Gold Warehouse Stocks:

8,294,112.366

+48,065.75

Silver Warehouse Stocks:

296,132,595.666

-237,600.998

 

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

759.733

24,426,178

US$30,416m

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$5,534m

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$6,115m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$447m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.519 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.17: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,913.79: No change from yesterday’s data.

 

The Miners:

 

New Gold’s (NGD) reorganization and Polyus’ (PJSC) drilling were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Goldcorp

GG +1.48% $9.57

2.  Alamos

AGI +1.39% $3.65

3.  Barrick

ABX +1.17% $13.84

 

LOSERS

1.  Gold Standard

GSV -5.56% $1.19

2.  Harmony

HMY -5.49% $1.55

3.  DRDGOLD

DRD -4.72% $2.02

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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