• Gold: 1,245.45 -0.42
  • Silver: 14.73 -0.01
  • Euro: 1.137 0.000
  • USDX: 97.044 -0.355
  • Oil: 51.15 -0.82

November 19: Gold and Silver Gain While Stocks Drop

Chris Mullen
|
Monday, November 19th

 

Close

Gain/Loss

Gold

$1223.20

+$1.30

Silver

$14.42

+$0.01

XAU

65.70

-0.57%

HUI

148.27

-0.19%

GDM

539.96

+0.11%

JSE Gold

1141.62

+20.05

USD

96.21

-0.23

Euro

114.50

+0.33

Yen

88.76

+0.11

Oil

$56.76

+$0.30

10-Year

3.053%

-0.018

T-Bond

139.8125

+0.25

Dow

25017.44

-1.56%

Nasdaq

7028.48

-3.03%

S&P

2690.73

-1.66%

 
http://www.goldseek.com/news/2018/2018-11-19_14-03-20.jpg

 

The Metals:

 

Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and ended near its early afternoon high of $1225.20 with a gain of 0.11%. Silver chopped between $14.35 and $14.44 and ended with a gain of 0.07%.

 

Euro gold fell to about €1068, platinum gained $7 to $850, and copper remained at about $2.80

 

Gold and silver equities traded mostly slightly higher and ended mixed.

 

The Economy:

 

Markets think Powell ‘blinked’ in Dallas  MarketWatch

Home builder confidence tumbles the most since 2014 as housing headwinds catch up  MarketWatch

Goldman Sachs believes the US economy will slow to a crawl next year  CNBC

 

Tomorrow brings Housing starts and Building permits.

 

The Markets:

 

Oil turned higher on “news that the European Union backs a decision by the French government to sanction Iran nationals linked to a bomb plot in France.”

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P dropped roughly 2% on renewed concerns about trade issues with China.

 

U.S.-China Clash at Asian Summit Was Over More Than Words  The New York Times

 

Among the big names making news in the market today were Bitcoin, Danske Bank, Societe Generale, and Nissan.

 

GATA Posts:

 

 

GoldMoney's Mene aims to bring monetary jewelry west from Asia

Support GATA by subscribing to The Calandra Report

Utah coin dealer accused of fraud in $170 million Ponzi scheme involving silver

 

The Statistics:

As of close of business: 11/16/2018

Gold Warehouse Stocks:

8,025,418.729

-643.00

Silver Warehouse Stocks:

294,508,121.582

+285,478.478

 

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

759.684

24,424,598

US$29,831m

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$5,431m

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$6,002m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$439m

 Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.471 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  EMX Royalty

EMX +2.54% $1.21

2.  DRDGOLD

DRD +2.27% $2.25

3.  Pan American

PAAS +2.00% $13.26

 

LOSERS

1.  Golden Star

GSS -5.59% $3.04

2.  Freeport

FCX -3.76% $11.51

3.  Turquoise

TRQ -3.09% $1.88

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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