• Gold: 1,247.45 1.19
  • Silver: 14.66 -0.01
  • Euro: 1.136 0.002
  • USDX: 97.047 -0.031
  • Oil: 48 -1.38

September 28: Gold Dips While Silver Rises on the Week

Chris Mullen
|
Friday, September 28th

 

Close

Gain/Loss

On Week

Gold

$1191.70

+$7.40

-0.61%

Silver

$14.62

+$0.36

+2.24%

XAU

65.18

+0.91%

-1.29%

HUI

141.07

+0.79%

-1.26%

GDM

515.54

+0.78%

-1.35%

JSE Gold

996.28

+12.15

-3.87%

USD

95.15

+0.21

+1.00%

Euro

116.12

-0.31

-1.22%

Yen

88.16

-0.13

-0.79%

Oil

$73.25

+$1.13

+3.49%

10-Year

3.055%

+0.001

-0.26%

Bond

140.5625

-0.09375

+0.09%

Dow

26458.31

+0.07%

-1.07%

Nasdaq

8046.35

+0.05%

+0.74%

S&P

2913.98

-0.00%

-0.54%

 
http://www.goldseek.com/news/2018/2018-09-28_14-06-30.jpg

 

The Metals:

 

Gold dropped $3.40 to $1180.90 in Asia, but it then jumped up to as high as $1193.60 by late morning in New York and ended with a gain of 0.62%. Silver surged to as high as $14.714 and ended with a gain of 2.52%.

 

Euro gold rose above €1026, platinum gained $5 to $814, and copper climbed 3 cents to about $2.80.

 

Gold and silver equities rose roughly 1% in the first 30 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

September consumer sentiment tops triple digit mark for only the third time since January 2004  CNBC

U.S. consumer spending rises; monthly inflation slows  Reuters

Chicago PMI falls to five-month low in September  MarketWatch

 

The Markets:

 

Oil gained almost 2% on signs of tighter global supplies.

 

The U.S. dollar index rose “after the Italian government’s deficit target sparked a selloff in the country’s bonds and weighed on the euro.”

 

Treasuries edged lower as the Dow, Nasdaq, and S&P waffled near unchanged on mixed economic data.

 

Among the big names making news in the market Friday were JC Penny, Honda, Blackberry, and Tesla.

 

GATA Posts:

 

 

Ted Butler: What disconnect?

JPMorgan's Marko Kolanovic says dollar hegemony is now at risk

Peter Hambro returns to Russian gold miner Petropavlovsk

Judge sides with CFTC on virtual currency oversight

 

The Statistics:

Activity from: 9/27/2018

Gold Warehouse Stocks:

8,331,574.891

-1,157.836

Silver Warehouse Stocks:

289,681,227.154

+600,172.978

 

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

742.232

23,863,511

US$28,323m

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$5,297m

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$5,851m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$428m

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 267.59.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,358.91.

 

The Miners:

 

Randgold’s (GOLD) comments on Kibaali Goldmines SA and Freeport’s (FCX) Divestment Agreement were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  B2Gold

BTG +5.99% $2.30

2.  Tahoe Resources

TAHO +3.72% $2.79

3.  First Majestic

AG +3.09% $5.68

 

LOSERS

1.  Paramount

PZG -5.36% $1.06

2.  Alexco

AXU -2.83% $1.03

3.  EMX Royalty

EMX -1.61% $1.22

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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