• Gold: 1,205.29 -1.96
  • Silver: 14.35 0.04
  • Euro: 1.177 -0.001
  • USDX: 94.053 0.141
  • Oil: 70.73 0.48

June 25: Gold and Silver Edge Lower While Stocks Tumble

Chris Mullen
|
Monday, June 25th

 

Close

Gain/Loss

Gold

$1265.80

-$4.40

Silver

$16.35

-$0.11

XAU

80.52

-1.80%

HUI

174.14

-1.58%

GDM

612.82

-0.83%

JSE Gold

1061.17

-5.41

USD

94.30

-0.25

Euro

117.02

+0.39

Yen

91.06

-0.07

Oil

$68.08

-$0.50

10-Year

2.875%

-0.020

T-Bond

144.15625

+0.1875

Dow

24252.80

-1.33%

Nasdaq

7532.01

-2.09%

S&P

2717.07

-1.37%

 
http://www.goldseek.com/news/2018/2018-06-25_14-04-10.jpg

 

The Metals:

 

Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ended with a loss of just 0.35%. Silver slipped to as low as $16.27 and ended with a loss of 0.67%.

 

Euro gold fell to about €1082, platinum lost $9.50 to $864.50, and copper fell 4 cents to about $2.99.

 

Gold and silver equities dropped throughout the day and ended roughly 1% lower.

 

The Economy:

 

Chicago Fed's May national economic index retreats into negative as factories slowed  MarketWatch

U.S. new home sales surge in May, boosted by South  Reuters

Why a major trade war could mean a ‘full-blown recession’  MarketWatch

Trump is reportedly planning new restrictions against China  CNBC

 

Tomorrow brings the Case-Shiller home price index and Consumer confidence.

 

The Markets:

 

Oil ended lower in mixed trade as traders continued to digest the implications of last week’s OPEC meeting.

 

The U.S. dollar index fell and treasuries rose on trade war concerns that sent the Dow, Nasdaq, and S&P roughly 2% lower.

 

Among the big names making news in the market today were Campbell, Harley-Davidson, AT&T, GE, and Venmo.

 

GATA Posts:

 

 

Gold rises 300% in three months against Iranian rial

Ron Paul: Central bankers constantly rig the gold price

Sprott applauds GATA for pressing currency comptroller about EFPs

Paulson urges underperforming Detour Gold to seek a buyer

 

The Statistics:

As of close of business: 6/22/2018

Gold Warehouse Stocks:

8,803,199.856

-20,183.40

Silver Warehouse Stocks:

273,920,549.852

+1,122,508.55

 

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

824.634

26,512,801

US$33,627m

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$5,625m

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$6,218m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$454m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 272.02: -0.95 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,962.49: +29.27 change from yesterday’s data.

 

The Miners:

 

Northern Dynasty’s (NAK) corporate update and Barrick’s (ABX) discussions with the Government of Tanzania were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alio Gold

ALO +2.90% $1.42

2.  DRDGOLD

DRD +1.44% $2.81

3.  Gold Fields

GFI +1.41% $3.59

 

LOSERS

1.  NovaGold

NG -5.90% $4.31

2.  Eurasian

EMX -5.50% $1.03

3.  Paramount

PZG -5.26% $1.26

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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