• Gold: 1,305.43 3.55
  • Silver: 15.34 0.05
  • Euro: 1.135 0.003
  • USDX: 96.429 -0.166
  • Oil: 58.5 0.08

December 13: Gold and Silver Trade Mixed with Stocks

Chris Mullen
|
Thursday, December 13th

 

Close

Gain/Loss

Gold

$1242.90

-$3.00

Silver

$14.77

+$0.03

XAU

68.75

+0.17%

HUI

156.67

-0.06%

GDM

568.86

+0.18%

JSE Gold

1298.65

+25.20

USD

97.07

+0.05

Euro

113.64

-0.02

Yen

88.03

-0.31

Oil

$52.58

+$1.43

10-Year

2.909%

-0.005

T-Bond

143.15625

-0.09375

Dow

24597.38

+0.29%

Nasdaq

7070.33

-0.39%

S&P

2650.54

-0.02%

 
http://www.goldseek.com/news/2018/2018-12-13_14-02-06.jpg

 

The Metals:

 

Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver chopped between $14.805 and $14.684 and ended with a gain of 0.2%.

 

Euro gold fell under €1094, platinum lost $5 to $796, and copper remained at about $2.77.

 

Gold and silver equities waffled near unchanged and ended mostly higher.

 

The Economy:

 

US budget deficit hits record $204.9 billion for November  AP

TREASURIES-Yields mixed in narrow ranges as ECB weighs  Reuters

U.S. weekly jobless claims near 49-year low; import prices fall  Reuters

Jobless claims sink 27,000 to 206,000, erase Thanksgiving surge that now seems a mirage  MarketWatch

 

Tomorrow brings Retail sales, Industrial production, Capacity utilization, Markit manufacturing PMI, Markit services PMI, and Business inventories.

 

The Markets:

 

Oil rose almost 3% “as Saudi Arabia prepares to slash shipments to U.S. refiners within weeks in an effort to prevent a price-killing buildup of American stockpiles.”

 

The U.S. dollar index traded mixed as the euro erased overnight gains “after European Central Bank President Mario Draghi sounded more downbeat than expected in the central bank’s last news conference of the year.”

 

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

 

Among the big names making news in the market today were Delta, GE, Robinhood, and Ford.

 

GATA Posts:

 

 

Paulson gains control of Detour Gold

National governments tax not to raise revenue but to give value to their currencies

Barrick moves closer to resolving Acacia dispute with Tanzania

 

The Statistics:

As of close of business: 12/12/2018

Gold Warehouse Stocks:

8,339,015.231

-

Silver Warehouse Stocks:

297,367,173.878

+1,370,991.314

 

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

763.556

24,549,098

US$30,504m

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$5,518m

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$6,100m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 274.66: +2.49 change from yesterday’s data.

 

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

 

The Miners:

 

Gold Fields’ (GFI) called off strike, Barrick’s (ABX) agreement with the Tanzanian government, Buenaventura’s (BVN) suspended production, and Silvercorp’s (SVM) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Sibanye

SBGL +5.58% $2.84

2.  Silvercorp

SVM +4.98% $2.11

3.  Nevsun

NSU +3.00% $4.47

 

LOSERS

1.  Alamos

AGI -6.74% $3.18

2.  Endeavour Silver

EXK -5.21% $2.00

3.  Pretivm

PVG -2.88% $7.43

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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