• Gold: 1,223.71 -0.20
  • Silver: 14.60 -0.03
  • Euro: 1.150 -0.001
  • USDX: 95.661 0.086
  • Oil: 69.78 -0.21

October 5: Gold and Silver Gain With Dollar and Oil on the Week While Stocks and Bonds Fall

Chris Mullen
|
Friday, October 5th

 

Close

Gain/Loss

On Week

Gold

$1203.10

+$3.80

+0.96%

Silver

$14.63

+$0.05

+0.07%

XAU

65.49

-0.66%

+0.48%

HUI

143.43

-0.56%

+1.67%

GDM

518.86

-0.58%

+0.64%

JSE Gold

1043.80

-2.55

+4.77%

USD

95.62

-0.14

+0.49%

Euro

115.25

+0.11

-0.75%

Yen

87.92

+0.06

-0.27%

Oil

$74.34

+$0.01

+1.49%

10-Year

3.239%

+0.049

+6.02%

Bond

137.1875

-0.71875

-2.40%

Dow

26447.05

-0.68%

-0.04%

Nasdaq

7788.44

-1.16%

-3.21%

S&P

2885.57

-0.55%

-0.97%

 
http://www.goldseek.com/news/2018/2018-10-05_14-01-05.jpg

 

The Metals:

 

Gold dipped $2 to $1197.30 in Asia before it climbed up to $1205.80 at about 10AM EST and then drifted back lower into midday, but it then edged back higher in late trade and ended with a gain of 0.32%. Silver chopped between $14.516 and $14.712 and ended with a gain of 0.34%.

 

Euro gold rose above €1044, platinum lost $1 to $821, and copper lost 2 cents to about $2.75.

 

Gold and silver equities jumped roughly 1% higher at the open, but they then fell back off for most of the rest of trade and ended modestly lower on the day.

 

The Economy:

 

Consumer Credit in U.S. Increased More Than Forecast in August  Bloomberg

U.S. job growth cools; unemployment rate falls to 3.7 percent  Reuters

US trade deficit keeps going up despite tariffs  CNBC

 

The Markets:

 

Oil edged higher on continued concerns about Iran.

 

The U.S. dollar index fell after this morning’s disappointing headline jobs number.

 

Treasuries fell on rising inflation fears that sent interest rates higher and the Dow, Nasdaq, and S&P roughly 1% lower.

 

Among the big names making news in the market Friday were Tesla, JP Morgan, Danske, Orchard Therapeutics, and Costco.

 

GATA Posts:

 

 

Gold cascades out of Singapore to poor Cambodia, probably for smuggling into Vietnam

 

The Statistics:

Activity from: 10/4/2018

Gold Warehouse Stocks:

8,160,889.574

-160,750.00

Silver Warehouse Stocks:

288,201,485.709

+1,019,539.848

 

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

731.637

23,522,860

US$28,306m

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$5,337m

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$5,898m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$431m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.82: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,372.26: -40.92 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  NovaGold

NG +2.02% $4.04

2.  Gold Standard

GSV +1.74% $1.75

3.  DRDGOLD

DRD +1.63% $2.49

 

LOSERS

1.  EMX Royalty

EMX -5.67% $1.33

2.  Silvercorp

SVM -3.36% $2.30

3.  Pretivm

PVG -3.21% $8.15

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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