• Gold: 1,342.23 1.11
  • Silver: 14.88 0.02
  • Euro: 1.122 0.001
  • USDX: 97.572 0.548
  • Oil: 52.64 0.07

December 24: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%

Chris Mullen
|
Monday, December 24th

Please note: US markets are closed tomorrow for Christmas.

 

 

Close

Gain/Loss

Gold

$1269.00

+$13.50

Silver

$14.77

+$0.15

XAU

70.55

+2.74%

HUI

161.79

+3.40%

GDM

586.16

+2.58%

JSE Gold

1359.59

+42.78

USD

96.49

-0.54

Euro

114.21

+0.58

Yen

90.68

+0.66

Oil

$42.53

-$3.06

10-Year

2.734%

-0.049

T-Bond

145.40625

+0.59375

Dow

21792.20

-2.91%

Nasdaq

6192.92

-2.21%

S&P

2351.10

-2.71%

 
http://www.goldseek.com/news/2018/2018-12-24_10-54-17.jpg

 

The Metals:

 

Gold gained nearly $10 in Asia before it halved its gains in London, but it then rose to new 6-month highs in New York and ended with a gain of 1.08%. Silver climbed to as high as $14.776 and ended with a gain of 1.03%.

 

Euro gold rose above €1111, platinum remained at $786, and copper fell to about $2.67.

 

Gold and silver equities rose roughly 3% in the first hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

Mnuchin to convene 'Plunge Protection Team', markets slide  Reuters

Top Trump aide says government shutdown may go into New Year  Reuters

Nov. Chicago Fed Nat'l Activity Index gains on production improvement  Bond Buyer

Bonds: Treasury yields lower amid stock market volatility  CNBC

White House awaits Democratic reply to 'counteroffer' during shutdown  usatoday

 

Wednesday brings Case-Shiller home prices.

 

The Markets:

 

Oil fell almost 7% and the U.S. dollar index dropped notably as treasuries rose while the Dow, Nasdaq, and S&P lost nearly 3% on concerns about liquidity, the fed, politics, the government shutdown, and slowing economic growth.

 

Among the big names making news in the market today were Tesla, BMW, and Euronext.

 

GATA Posts:

 

 

Treasury secretary summons 'Plunge Protection Team' as markets tumble

London's streets are no longer paved with gold as miners struggle

New York Sun: Trump should take on the Fed

Treasury secretary denies Trump is considering firing Fed chairman

Trump muses about firing Fed chairman, sources tell Bloomberg

Indonesia gains majority ownership of giant Freeport mine

New York Sun: Watch for 'In Money We Trust' on public broadcasting

Barrick slashes jobs at head office; director Anthony Munk to resign

South Florida gold refiner caught with 'blood gold' files bankruptcy

 

The Statistics:

Activity from: 12/20/2018

Gold Warehouse Stocks:

8,338,597.271

-96.45

Silver Warehouse Stocks:

293,566,116.413

-1,218,812.04

 

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

772.672

24,842,191

US$31,324m

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$5,607m

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$6,199m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$455m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 3.528 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.91: +0.90 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,864.15: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  DRDGOLD

DRD +15.66% $2.29

2.  Kinross

KGC +5.77% $3.30

3.  Gold Fields

GFI +5.33% $3.56

 

LOSERS

1.  Golden Star

GSS -3.61% $2.67

2.  Hecla

HL -3.32% $2.33

3.  Freeport

FCX -2.69% $9.78

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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