• Gold: 1,418.57 -6.22
  • Silver: 16.42 0.02
  • Euro: 1.118 -0.003
  • USDX: 97.555 0.298
  • Oil: 56.26 0.03

December 26: Gold and Silver Closed Mixed While Stocks Rebound

Chris Mullen
|
Wednesday, December 26th

 

Close

Gain/Loss

Gold

$1266.20

-$2.80

Silver

$15.03

+$0.26

XAU

69.98

-0.81%

HUI

159.81

-1.23%

GDM

580.69

-0.94%

JSE Gold

1359.59

+42.78

USD

97.04

+0.55

Euro

113.52

-0.69

Yen

89.97

-0.71

Oil

$46.22

+$4.69

10-Year

2.770%

+0.036

T-Bond

144.53125

-0.90625

Dow

22878.45

+4.98%

Nasdaq

6554.36

+5.84%

S&P

2467.70

+4.96%

 
http://www.goldseek.com/news/2018/2018-12-26_14-03-01.jpg

 

The Metals:

 

Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold off in afternoon trade, but it ended with a loss of just 0.22%. Silver rose to as high as $15.17 and ended with a gain of 1.76%.

 

Euro gold rose above €1115, platinum gained $10 to $796, and copper climbed 3 cents to about $2.70.

 

Gold and silver equities rose over 1% at the open before they fell to see about 2% losses in early afternoon trade, but they then bounced back higher into the close and ended only about 1% lower.

 

The Economy:

 

A potential Trump impeachment is a ‘huge risk’ for 2019, expert says  CNBC

Trump increasingly frustrated with Treasury Sec. Mnuchin: CNN  MarketWatch

U.S. home prices keep slowing as higher rates scare off buyers, Case-Shiller shows  MarketWatch

U.S. holiday shopping season best in six years: report  Reuters

Fed chair's job is not in jeopardy, White House economic adviser says  Reuters

Trump again complains about Fed in downbeat Christmas greeting  MarketWatch

 

Tomorrow brings Weekly jobless claims, Consumer confidence, and New home sales.

 

 

The Markets:

 

Oil jumped nearly 9% higher on speculation that the almost 50% slide over the past 12 weeks has gone too far.

 

The U.S. dollar index erased Monday’s notable decline and treasuries fell as the Dow, Nasdaq, and S&P gained roughly 5% to more than erase Monday’s near 3% losses.

 

Among the big names making news in the market today were SolarMax Technology, Amazon, Tesla, and Morgan Stanley.

 

GATA Posts:

 

 

Russia would like to mine Venezuela's gold

Ronan Manly: Russian central bank's gold buying now may extend to international markets

History will vindicate GATA -- if only when its founders are long gone

The thousand-dollar bill that could be worth $3 million

Interest rate futures say Fed is all but done with hikes

 

The Statistics:

As of close of business: 12/24/2018

Gold Warehouse Stocks:

8,332,744.473

-

Silver Warehouse Stocks:

293,552,024.613

-1,890.90

 

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

774.143

24,889,461

US$31,383m

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$5,638m

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$6,231m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$454m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.71: +0.80 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: +2.92 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Americas Silver

USAS +17.56% $1.54

2.  Freeport

FCX +6.34% $10.40

3.  Gold Standard

GSV +6.31% $1.18

 

LOSERS

1.  Kinross

KGC -4.85% $3.14

2.  Yamana

AUY -3.31% $2.34

3.  Alamos

AGI -2.97% $3.59

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map