• Gold: 1,222.17 -0.67
  • Silver: 14.56 -0.01
  • Euro: 1.146 -0.000
  • USDX: 96.013 0.302
  • Oil: 69.43 -0.2

September 21: Gold and Silver Find Modest Gains on the Week

Chris Mullen
|
Friday, September 21st

 

Close

Gain/Loss

On Week

Gold

$1199.00

-$8.30

+0.41%

Silver

$14.30

-$0.01

+1.71%

XAU

66.03

-1.15%

+4.21%

HUI

142.87

-0.97%

+3.92%

GDM

522.58

-0.72%

+4.45%

JSE Gold

1036.35

-11.97

+2.99%

USD

94.21

+0.32

-0.80%

Euro

117.55

-0.27

+1.10%

Yen

88.86

-0.18

-0.49%

Oil

$70.78

+$0.46

+2.59%

10-Year

3.063%

-0.005

+2.34%

Bond

140.4375

+0.1875

-1.47%

Dow

26743.50

+0.32%

+2.25%

Nasdaq

7986.96

-0.51%

-0.29%

S&P

2929.67

-0.04%

+0.85%

 
http://www.goldseek.com/news/2018/2018-09-21_14-07-09.jpg

 

The Metals:

 

Gold gained $3.70 to $1211.00 in Asia before it crashed down to $1192.00 in early New York trade and then chopped back higher into the close, but it still ended with a loss of 0.69%. Silver slipped to as low as $14.155 and ended with a loss of just 0.07%.

 

Euro gold fell back under €1021, platinum lost $3.50 to $826, and copper jumped 8 cents to about $2.82.

 

Gold and silver equities fell over 1% at the open before they rallied back above unchanged by late morning, but they then drifted back lower into the close and ended not far from their opening lows.

 

The Economy:

 

US: Markit Manufacturing PMI improves to 55.6 in September vs 55 expected  CNBC

Mortgage rates jump to four-month high as housing market hits a bump  MarketWatch

Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?  Reuters

PM May's statement on Brexit talks after EU rejects her proposals  Reuters

 

The Markets:

 

Oil rose almost 1% after Reuters reported that “OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions.”

 

The U.S. dollar index rose as the pound and euro fell “after British Prime Minister Theresa May said the European Union must supply an alternative Brexit proposal.”

 

Treasuries held near unchanged as the Dow, Nasdaq, and S&P traded mixed on uncertainty about OPEC’s meeting this weekend.

 

Among the big names making news in the market Friday were Farfetch, Target, Caterpillar, Adobe, and Micron.

 

GATA Posts:

 

 

Ted Butler: A constructive suggestion

John Paulson is joined by 15 investors in council to oversee gold miners

Japan hit by another cryptocurrency heist, with $60 million stolen

 

The Statistics:

Activity from: 9/20/2018

Gold Warehouse Stocks:

8,270,616.995

-199.989

Silver Warehouse Stocks:

291,561,348.425

-372,445.027

 

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

742.232

23,863,511

US$28,599m

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$5,318m

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$5,875m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$430m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.46: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) CEO profile and Avino’s (ASM) priced offering were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  DRDGOLD

DRD +23.63% $2.25

2.  Paramount

PZG +6.93% $1.08

3.  EMX Royalty

EMX +6.19% $1.20

 

LOSERS

1.  McEwen

MUX -4.59% $1.87

2.  Tahoe Resources

TAHO-3.70% $2.86

3.  Fortuna

FSM -3.10% $4.37

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

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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