• Gold: 1,306.86 4.06
  • Silver: 15.39 0.05
  • Euro: 1.135 0.001
  • USDX: 96.407 -0.117
  • Oil: 59.66 0.44

December 31: Gold and Silver Gain with Stocks

Chris Mullen
|
Monday, December 31st

Please Note: US markets are closed tomorrow for New Year’s Day.

 

 

Close

Gain/Loss

Gold

$1282.20

+$2.20

Silver

$15.47

+$0.10

XAU

70.66

+1.41%

HUI

160.58

+1.54%

GDM

588.56

+1.55%

JSE Gold

1375.75

+7.84

USD

96.14

-0.24

Euro

114.59

+0.12

Yen

91.23

+0.39

Oil

$45.41

+$0.08

10-Year

2.683%

-0.036

T-Bond

146.125

+0.59375

Dow

23327.46

+1.15%

Nasdaq

6635.28

+0.77%

S&P

2506.85

+0.85%

 
http://www.goldseek.com/news/2018/2018-12-31_14-02-15.jpg

 

The Metals:

 

Gold gained $4.10 to $1284.10 in London before it dipped back under unchanged a few times in New York, but it ultimately bounced back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $15.51 and ended with a gain of 0.65%.

 

Euro gold rose above €1119, platinum gained $5 to $793, and copper fell 4 cents to about $2.64.

 

Gold and silver equities fell roughly 1% at the open, but they then reversed to find gains by late morning and ended about 1.5% higher on the day.

 

The Economy:

 

House Democrats have reportedly prepared spending bills to end shutdown  CNBC

U.S. companies repatriate over half a trillion dollars in 2018, but pace slows  Reuters

U.S. House Democrats manoeuvre to end shutdown, without Trump wall money  Reuters

 

Wednesday brings Markit manufacturing PMI.

 

The Markets:

 

Oil ended slightly higher on signs of progress in trade talks.

 

The U.S. dollar index fell on growing risk appetite that sent treasuries higher along with the Dow, Nasdaq, and S&P.

 

Among the big names making news in the market today were Apple, Epic Games, and Tesla.

 

GATA Posts:

 

 

Gold will rise as stock market bubble is pricked, Sprott says

Ed Steer's Gold and Silver Digest letter for Saturday posted at GoldSeek

Deutsche Bank is strong, has no need for state aid or merger, chairman says

U.S. dollar's share of currency reserves nears 5-year low, IMF says

 

The Statistics:

As of close of business: 12/28/2018

Gold Warehouse Stocks:

8,434,261.646

+65,594.894

Silver Warehouse Stocks:

293,901,295.908

+1,272,542.90

 

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

787.669

25,324,339

US$32,446m

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$5,702m

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$6,301m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 279.87: +0.24 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday’s data.

 

The Miners:

 

Nevsun’s (NSU) appointments as directors to the board and Turquoise Hill’s (TRQ) signing of the Power Source Framework Agreement (PSFA) between Oyu Tolgoi and the Government of Mongolia were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Sibanye

SBGL +7.20% $2.83

2.  Harmony

HMY +7.19% $1.79

3.  Seabridge

SA +5.84% $13.23

 

LOSERS

1.  Freeport

FCX -1.53% $10.31

2.  McEwen

MUX -1.09% $1.82

3.  DRDGOLD

DRD -0.95% $2.08

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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