• Gold: 1,198.28 -2.14
  • Silver: 14.13 -0.03
  • Euro: 1.170 0.001
  • USDX: 94.489 -0.053
  • Oil: 69.85 0.98

September 6: Gold and Silver Close Mixed Before Jobs Day

Chris Mullen
|
Thursday, September 6th

 

Close

Gain/Loss

Gold

$1199.70

+$2.70

Silver

$14.16

-$0.03

XAU

62.91

-0.25%

HUI

135.37

-0.64%

GDM

496.78

-0.39%

JSE Gold

1025.44

+4.76

USD

95.06

-0.07

Euro

116.26

-0.06

Yen

90.22

+0.48

Oil

$67.77

-$0.95

10-Year

2.880%

-0.020

T-Bond

144.3125

+0.4375

Dow

25995.87

+0.08%

Nasdaq

7922.73

-0.91%

S&P

2878.05

-0.37%

 
http://www.goldseek.com/news/2018/2018-09-06_14-01-52.jpg

 

The Metals:

 

Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.

 

Euro gold rose above €1032, platinum gained $12 to $789, and copper climbed 2 cents to about $2.63.

 

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

 

The Economy:

 

U.S. factory orders fall in July on weak aircraft demand  Reuters

U.S. Service Industries Expanded in August by More Than Forecast  Bloomberg

U.S. jobless claims fall to near 49-year low  Reuters

ADP: U.S. creates 163,000 private-sector jobs in August  MarketWatch

U.S. second-quarter productivity growth unrevised at 2.9 percent  Reuters

 

Tomorrow brings August’s jobs data.

 

The Markets:

 

Oil fell over 1% after the Energy Information Administration reported that crude inventories fell 4.3 million barrels, gasoline inventories rose 1.8 million barrels, and distillates rose 3.1 million barrels.

 

The U.S. dollar index chopped near unchanged and ended slightly lower ahead of tomorrow’s jobs data.

 

Treasuries rose as the Dow, Nasdaq, and S&P traded mostly lower on trade, economic, and political uncertainty.

 

Among the big names making news in the market today were Tesla, Ford, CBS, BioCryst, and Uber.

 

GATA Posts:

 

 

Fed rejects bank for being too safe

Alasdair Macleod: Apocalypse, or not?

Gold market intervention by BIS declines after $100 price plunge

Crazy rich Asians advised to increase gold holdings amid market turmoil

 

The Statistics:

As of close of business: 9/5/2018

Gold Warehouse Stocks:

8,380,049.816

-8,646.291

Silver Warehouse Stocks:

295,295,828.359

-61,579.30

 

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

746.915

24,014,062

US$28,928m

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$5,324m

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$5,884m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$430m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 264.97: +0.72 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,255.10: -4.57 change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) drill results and updates, Alamos Gold’s (AGI) updated National Instrument 43-101 compliant Mineral Reserve and Resource estimate, IMPCAT Silver’s (IPT.V) discovery, and Fortuna’s (FSM) infill drilling program were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alamos Gold

AGI +3.37% $4.29

2.  EMX Royalty

EMX +2.63% $1.17

3.  B2Gold

BTG +2.20% $2.32

 

LOSERS

1.  Pretivm

PVG -9.99% $6.94

2.  Tahoe Resources

TAHO-4.76% $2.60

3.  Alexco

AXU -3.30% $1.02

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

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2018

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