• Gold: 1,199.04 0.07
  • Silver: 14.29 -0.01
  • Euro: 1.175 0.000
  • USDX: 94.188 0.276
  • Oil: 70.82 0.57

September 14: Gold and Silver Edge Lower on the Week but Miners Gain

Chris Mullen
|
Friday, September 14th

 

Close

Gain/Loss

On Week

Gold

$1194.10

-$8.00

-0.17%

Silver

$14.06

-$0.14

-0.64%

XAU

63.36

-0.60%

+0.51%

HUI

137.48

-0.63%

+0.92%

GDM

500.32

-0.39%

+0.42%

JSE Gold

1006.30

+6.89

-1.22%

USD

94.97

+0.42

-0.44%

Euro

116.27

-0.64

+0.57%

Yen

89.30

-0.01

-0.94%

Oil

$68.99

+$0.40

+1.83%

10-Year

2.993%

+0.020

+1.94%

Bond

142.53125

-0.625

-0.57%

Dow

26154.67

+0.03%

+0.92%

Nasdaq

8010.04

-0.05%

+1.36%

S&P

2904.98

+0.03%

+1.16%

 
http://www.goldseek.com/news/2018/2018-09-14_14-03-27.jpg

 

The Metals:

 

Gold gained $6.40 to $1208.50 in Asia, but it then fell back off in London and New York and ended near its early afternoon low of $1193.20 with a loss of 0.67%. Silver slipped to as low as $14.059 and ended with a loss of 0.99%.

 

Euro gold fell to €1027, platinum lost $7 to $794, and copper dropped 6 cents to about $2.60.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

U.S. Manufacturing Output Rose in August Amid Surge in Autos  Bloomberg

U.S. Consumer Sentiment Rises to Six-Month High, Above Estimate  Bloomberg

Retail Sales, Factory Output Signal Steady U.S. Economic Growth  Bloomberg

Trump directing aides to proceed with tariffs on $200 billion more of Chinese products  Reuters

U.S. retail sales barely rise; import prices drop  Reuters

 

The Markets:

 

Oil edged higher on worries about more sanctions on Iran.

 

The U.S. dollar index rose and treasuries fell on strong economic data.

 

The Dow, Nasdaq, and S&P erased early gains on word that “U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China.”

 

Among the big names making news in the market Friday were Takeda, Citigroup, and Kirby.

 

GATA Posts:

 

 

Is Barrick still central banking's agent in the gold market?

 

The Statistics:

Activity from: 9/13/2018

Gold Warehouse Stocks:

8,354,697.353

+28,067.823

Silver Warehouse Stocks:

292,533,629.868

-632,443.381

 

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

742.527

23,872,975

US$28,690m

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$5,317m

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$5,877m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$429m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.649 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.72: +0.42 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: +40.94 change from yesterday’s data.

 

The Miners:

 

Royal Gold’s (RGLD) resolved royalty dispute, Nevsun’s (NSU) take-over bid, and Hecla’s (HL) filed technical report were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  EMX Royalty

EMX +3.57% $1.16

2.  Pretivm

PVG +1.44% $7.77

3.  Wheaton

WPM +0.95% $15.95

 

LOSERS

1.  Paramount

PZG -4.72% $1.01

2.  Alexco

AXU -3.64% $1.06

3.  Americas Silver

USAS-3.35%$2.165

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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