• Gold: 1,201.26 2.24
  • Silver: 14.31 0.04
  • Euro: 1.178 0.003
  • USDX: 94.071 -0.114
  • Oil: 72.39 0.13

June 26: Gold and Silver Fall Again

Chris Mullen
|
Tuesday, June 26th

 

Close

Gain/Loss

Gold

$1258.90

-$6.90

Silver

$16.30

-$0.05

XAU

80.48

-0.05%

HUI

172.93

-0.70%

GDM

612.24

-0.07%

JSE Gold

1024.46

-36.71

USD

94.71

+0.41

Euro

116.47

-0.55

Yen

90.95

-0.11

Oil

$70.53

+$2.45

10-Year

2.880%

+0.005

T-Bond

144.28125

-0.0625

Dow

24283.11

+0.12%

Nasdaq

7561.63

+0.39%

S&P

2723.06

+0.22%

 
http://www.goldseek.com/news/2018/2018-06-26_14-05-52.jpg

 

The Metals:

 

Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York, but it still ended with a loss of 0.55%. Silver slipped to as low as $16.148 and ended with a loss of 0.31%.

 

Euro gold fell to about €1081, platinum gained $0.50 to $865, and copper climbed a penny to about $3.00.

 

Gold and silver equities dropped over 1% in the first hour of trade before they rallied back higher into midday, but they still ended with slight losses on the day.

 

The Economy:

 

Trump Adviser Talks Down Trade Policy Threat to Calm Markets  Bloomberg

Consumer confidence falls in June despite expectations for gains  CNBC

Home prices gains are unrelenting in April, Case-Shiller shows  MarketWatch

 

Tomorrow brings Durable goods orders, Core capex orders, Advance trade in goods, and Pending home sales.

 

The Markets:

 

Oil jumped nearly 4% after The Wall Street Journal reported that the U.S. expects all countries to cut all oil imports from Iran by November 4th or risk sanctions.

 

The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P bounced back from yesterday’s losses.

 

Among the big names making news in the market today were Lennar, American Express, Uber, Harley-Davidson, and GE.

 

GATA Posts:

 

 

Ronan Manly: Shareholders Gold Council won't notice the issue that matters most

 

The Statistics:

As of close of business: 6/25/2018

Gold Warehouse Stocks:

8,794,213.361

-8,986.495

Silver Warehouse Stocks:

275,397,187.706

+1,476,637.854

 

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

820.214

26,370,707

US$33,225m

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$5,605m

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$6,188m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$452m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 4.42 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.02: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,933.22: -29.27 change from yesterday’s data.

 

The Miners:

 

Nevsun’s (NSU) initial resource, Yamana’s (AUY) commercial production at Cerro Moro, Paramount’s (PZG) Executive Chairman appointment, and Silvercorp’s (SVM) exploration results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alio Gold

ALO +4.23% $1.48

2.  Freeport

FCX +3.24% $16.25

3.  Gold Resource

GORO +2.87% $6.82

 

LOSERS

1.  Sibanye

SBGL-10.99%$2.51

2.  Buenaventura

BVN -6.68% $13.84

3.  DRDGOLD

DRD -4.27% $2.69

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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