• Gold: 1,462.45 1.70
  • Silver: 16.61 0.03
  • Euro: 1.106 0.000
  • USDX: 97.652 -0.025
  • Oil: 58.81 -0.36

December 11: Gold and Silver Close Mixed with Stocks

Chris Mullen
|
Tuesday, December 11th

 

Close

Gain/Loss

Gold

$1243.00

-$1.30

Silver

$14.55

+$0.03

XAU

67.09

-0.46%

HUI

152.82

-0.78%

GDM

558.66

-0.31%

JSE Gold

1249.83

+2.68

USD

97.42

+0.21

Euro

113.22

-0.35

Yen

88.22

-0.12

Oil

$51.65

+$0.65

10-Year

2.879%

+0.025

T-Bond

143.90625

-0.15625

Dow

24370.24

-0.22%

Nasdaq

7031.83

+0.16%

S&P

2636.78

-0.04%

 
http://www.goldseek.com/news/2018/2018-12-11_14-03-25.jpg

 

The Metals:

 

Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.

 

Euro gold rose to about €1098, platinum lost $1.50 to $780, and copper climbed 5 cents to about $2.77.

 

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

 

The Economy:

 

Trump threatens shutdown over border wall during heated meeting with Pelosi, Schumer  MarketWatch

China to slash tariffs on U.S. auto imports to 15%  MarketWatch

After May asks for help, Germany's Merkel says no more Brexit negotiations  Reuters

Yellen warns of another potential financial crisis: ‘Gigantic holes in the system’  CNBC

Small-business sentiment slumps to 7-month low in November  MarketWatch

Services lift U.S. producer prices in November  Reuters

Fed seen slowing, or even stopping, rate hikes next year  Reuters

 

Tomorrow brings CPI and the Federal budget.

 

The Markets:

 

Oil pared early gains on worries about a government shutdown.

 

The U.S. dollar index rose as the euro and pound fell on “reports that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership.”

 

Treasuries held near unchanged while the Dow, Nasdaq, and S&P erased notable early gains and ended mostly lower on political uncertainty.

 

Among the big names making news in the market today were GE, Stich Fix, Google, and Delta.

 

GATA Posts:

 

 

Limited-edition coin evokes the Yukon with the territory's own gold

Fed chairman undertakes charm offensive -- but will he come clean?

Foreign investors spurn U.S. Treasuries as curve threatens to invert

Paulson cries foul as Detour Gold extends voting to halt a board coup

Illegal gold rush destroying Amazon rainforest, study says

 

The Statistics:

As of close of business: 12/10/2018

Gold Warehouse Stocks:

8,306,812.011

+12,699.645

Silver Warehouse Stocks:

296,633,056.737

+500,461.071

 

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

760.321

24,445,089

US$30,438m

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$5,521m

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$6,101m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.588 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:

 

WINNERS

1.  Harmony

HMY +3.23% $1.60

2.  AngloGold

AU +2.88% $11.42

3.  DRDGOLD

DRD +1.49% $2.05

 

LOSERS

1.  Silvercorp

SVM -4.48% $1.92

2.  Americas Silver

USAS -4.26% $1.35

3.  Alamos

AGI -4.11% $3.50

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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