• Gold: 1,224.00 0.77
  • Silver: 14.38 -0.04
  • Euro: 1.145 0.000
  • USDX: 96.169 -0.296
  • Oil: 57.42 0.34

October 19: Gold and Silver Find Slight Gains on the Week

Chris Mullen
|
Friday, October 19th

 

Close

Gain/Loss

On Week

Gold

$1226.40

+$1.30

+0.69%

Silver

$14.63

+$0.06

+0.14%

XAU

70.09

+0.05%

+1.17%

HUI

155.58

+0.07%

+1.49%

GDM

558.84

+0.35%

+1.56%

JSE Gold

1194.92

-3.89

+3.52%

USD

95.72

-0.25

+0.46%

Euro

115.10

+0.51

-0.42%

Yen

89.12

-0.25

-0.07%

Oil

$69.12

+$0.47

-3.11%

10-Year

3.196%

+0.014

+1.36%

Bond

137.84375

-0.28125

-0.45%

Dow

25444.34

+0.26%

+0.41%

Nasdaq

7449.03

-0.48%

-0.64%

S&P

2767.78

-0.04%

+0.02%

 
http://www.goldseek.com/news/2018/2018-10-19_14-02-35.jpg

 

The Metals:

 

Gold dropped $1.90 to $1223.20 in Asia before it climbed up to $1230.50 by a little after 8AM EST, but it then drifted back lower into the close and ended with a gain of just 0.11%. Silver dipped to $14.559 before it rose to as high as $14.715 and then also fell back off, but it still ended with a gain of 0.41%.

 

Euro gold fell under €1066, platinum gained $11 to $832, and copper climbed 4 cents to about $2.77.

 

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

 

The Economy:

 

Mortgage rates retreat, but housing supply crunch won't let up  MarketWatch

Existing-home sales slump to a near 3-year low as buyers back out  MarketWatch

Fed's Bostic adds Khashoggi case to list of risks to the economic outlook  MarketWatch

 

The Markets:

 

Oil rose almost 1% over continued tension with Saudi Arabia.

 

The U.S. dollar index fell as the euro rebounded after “European Economic Affairs Commissioner Pierre Moscovici said Italy was strongly committed to the EU and the euro, and that Brussels was not going to interfere in Italian economic policies.”

 

Treasuries edged lower as the Dow, Nasdaq, and S&P traded mostly higher on mixed earnings reports.

 

Among the big names making news in the market Friday were State Street, eBay, PayPal, Procter & Gamble, Deutsche Bank, Daimler, and SolarWinds.

 

GATA Posts:

 

 

With gold rallying, you'll want to be at the New Orleans Investment Conference

 

The Statistics:

Activity from: 10/18/2018

Gold Warehouse Stocks:

8,101,421.184

-

Silver Warehouse Stocks:

288,744,612.876

+904,779.096

 

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

748.759

24,073,355

US$29,552m

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$5,452m

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$6,026m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$440m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: +1.20 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,389.79: +35.06 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Kinross

KGC +2.81% $2.93

2.  Gold Resource

GORO +2.23% $5.96

3.  Sandstorm

SAND +1.46% $4.16

 

LOSERS

1.  Americas Silver

USAS-3.96% $2.18

2.  Paramount

PZG -3.33% $1.16

3.  Turquoise

TRQ -2.69% $1.81

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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