• Gold: 1,240.98 -0.59
  • Silver: 15.77 -0.04
  • Euro: 1.168 -0.000
  • USDX: 94.752 -0.078
  • Oil: 70.56 0.18

June 18: Gold and Silver Edge Lower

Chris Mullen
|
Monday, June 18th

 

Close

Gain/Loss

Gold

$1278.40

-$2.10

Silver

$16.44

-$0.15

XAU

82.38

-0.24%

HUI

177.84

-0.02%

GDM

620.62

+0.02%

JSE Gold

1064.91

+16.27

USD

94.79

+0.02

Euro

116.21

+0.12

Yen

90.57

+0.14

Oil

$65.85

+$0.79

10-Year

2.920%

-0.005

T-Bond

144.5625

+0.0625

Dow

24987.47

-0.41%

Nasdaq

7747.03

+0.01%

S&P

2773.75

-0.21%

 
http://www.goldseek.com/news/2018/2018-06-18_15-55-05.jpg

 

The Metals:

 

Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between $16.624 and $16.418 and ended with a loss of 0.9%.

 

Euro gold fell back towards €1100, platinum lost $2 to $881, and copper dropped 2 cents to about $3.12.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Homebuilder sentiment drops in June due to soaring lumber costs  CNBC

Why heads are exploding at the Fed  MarketWatch

China's tariffs on U.S. oil would disrupt $1 billion monthly business  Reuters

 

Tomorrow brings Housing starts and Building permits.

 

The Markets:

 

Oil rose over 1% and the U.S. dollar index found slight gains along with treasuries as the Dow, Nasdaq, and S&P traded mostly lower on lingering trade concerns.

 

Among the big names making news in the market today were Baytex, Adobe, Valeant, Audi, and Fujifilm.

 

GATA Posts:

 

 

The 1838 shipwreck was the Titanic of its time and divers just made an eerie discovery

Bitcoin could break the internet, central bank overseer warns

Ed Steer: 'Da boyz' drop the hammer on gold and silver

Do these hedge fund geniuses have even a clue that the gold market is rigged?

Russia sells half its U.S. Treasuries

Bitcoin pushes ancient gold market to try digital

 

The Statistics:

As of close of business: 6/15/2018

Gold Warehouse Stocks:

9,013,296.696

-

Silver Warehouse Stocks:

272,173,362.622

+896,261.91

 

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

828.759

26,645,429

US$34,141m

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$5,676m

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$6,277m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$458m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.66: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,769.30: -55.62 change from yesterday’s data.

 

The Miners:

 

Pretivm’s (PVG) drill results, Silvercorp’s (SVM) exploration results, Avino’s (ASM) new director, and Alexco’s (AXU) acquisition were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pretivm

PVG +4.46% $7.50

2.  Turquoise

TRQ +2.17% $2.82

3.  Sibanye

SBGL +1.50% $2.71

 

LOSERS

1.  Gold Resource

GORO-5.56% $6.29

2.  Great Panther

GPL -4.92% $1.16

3.  Eurasian

EMX -4.35% $1.10

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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