• Gold: 1,199.49 -0.93
  • Silver: 14.21 0.05
  • Euro: 1.168 -0.000
  • USDX: 94.571 0.029
  • Oil: 69.53 0.66

August 20: Gold Gains While Silver Dips

Chris Mullen
|
Monday, August 20th

 

Close

Gain/Loss

Gold

$1190.20

+$6.00

Silver

$14.75

-$0.06

XAU

66.11

+0.29%

HUI

143.06

+0.44%

GDM

524.20

+1.01%

JSE Gold

912.74

-18.75

USD

95.85

-0.27

Euro

113.95

-0.47

Yen

90.98

+0.41

Oil

$66.43

+$0.52

10-Year

2.852%

-0.010

T-Bond

145.50

+0.96875

Dow

25758.69

+0.35%

Nasdaq

7821.01

+0.06%

S&P

2857.05

+0.24%

 
http://www.goldseek.com/news/2018/2018-08-20_14-01-28.jpg

 

The Metals:

 

Gold gained $5.60 to $1189.80 in Asia before it drifted back to $1184.80 it late morning New York trade, but it then jumped to a new session high of $1190.90 in afternoon trade and ended with a gain of 0.51%. Silver climbed up to $14.845 before it fell back to $14.645 and then also bounced back higher, but it still ended with a loss of 0.41%.

 

Euro gold climbed above €1037, platinum gained $2.50 to $790.50, and copper remained at about $2.67.

 

Gold and silver equities chopped near unchanged and ended with modest gains.

 

The Economy:

 

Trump Complains to Donors in the Hamptons About Powell's Rate Hikes  Bloomberg

Trump ramps up criticism of Powell's interest-rate policy: reports  MarketWatch

When economists become demagogues  MarketWatch

Call of the day: A ‘Lehman-like episode’ could usher in ‘epic economic crisis’  MarketWatch

With record in view, aging U.S. bull market may still be frisky  Reuters

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

Oil rose almost 1% on continued concerns about Iran.

 

The U.S. dollar index reversed overnight gains and ended lower on Trump’s comments about fed policy that sent treasuries higher.

 

The Dow, Nasdaq, and S&P mostly rose on economic optimism.

 

Among the big names making news in the market today were Nike, Pepsi, Lannett, and Tesla.

 

GATA Posts:

 

 

In protest Turks slice up only one-dollar bills, not twenties

Venezuela launches crypto-pegged forex rate, devaluing by 96 percent

 

The Statistics:

As of close of business: 8/17/2018

Gold Warehouse Stocks:

8,476,117.084

-

Silver Warehouse Stocks:

288,296,182.684

+328,061.98

 

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

772.236

24,828,146

US$29,399m

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$5,424m

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$6,007m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$427m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.177 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  B2Gold

BTG +8.80% $2.35

2.  Gold Standard

GSV +8.45% $1.54

3.  Sibanye

SBGL +6.67% $2.24

 

LOSERS

1.  NovaGold

NG -3.45% $3.64

2.  Seabridge

SA -2.70% $10.80

3.  Coeur

CDE -1.78% $5.52

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

 

- Chris Mullen, Gold Seeker Report

 

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