• Gold: 1,226.88 1.46
  • Silver: 14.67 -0.02
  • Euro: 1.158 0.000
  • USDX: 95.069 -0.152
  • Oil: 71.62 0.17

August 6: Gold and Silver Fall Again

Chris Mullen
|
Monday, August 6th

 

Close

Gain/Loss

Gold

$1207.50

-$6.00

Silver

$15.30

-$0.12

XAU

75.20

-1.17%

HUI

162.77

-1.16%

GDM

583.25

-0.75%

JSE Gold

1064.64

-12.65

USD

95.37

+0.20

Euro

115.54

-0.17

Yen

89.77

-0.13

Oil

$69.01

+$0.52

10-Year

2.943%

-0.009

T-Bond

143.125

+0.15625

Dow

25502.18

+0.16%

Nasdaq

7859.68

+0.61%

S&P

2850.40

+0.35%

 
http://www.goldseek.com/news/2018/2018-08-06_15-07-27.jpg

 

The Metals:

 

Gold dropped $6.10 to $1207.40 in London before it bounced back towards unchanged in morning New York trade, but it then fell back off into the close and ended with a loss of 0.49%. Silver slipped to as low as $15.29 and ended with a loss of 0.78%.

 

Euro gold fell to about €1045, platinum lost $7 to $822, and copper dropped 3 cents to about $2.72.

 

Gold and silver equities drifted lower in afternoon trade and ended roughly 1% lower on the day.

 

The Economy:

 

Renewed U.S. sanctions target Iran's economy, Tehran cool on talks  Reuters

Trump Restores Iran Sanctions as Rouhani Feels Economic Pressure  Bloomberg

Warren Buffett's favorite metric suggests some serious pain awaits investors  MarketWatch

 

Tomorrow brings Job openings and Consumer credit.

 

The Markets:

 

Oil rose almost 1% on concerns about Iran.

 

The U.S. dollar index edged up with treasuries while the Dow, Nasdaq, and S&P climbed higher on strong earnings reports.

 

Among the big names making news in the market today were Newell Brands, Berkshire, Bemis, Pepsi, SeaWorld, and Linde.

 

GATA Posts:

 

 

Iranians hoard gold ahead of renewed U.S. sanctions

Egon von Greyerz at KWN: Terror of 2008 will return but much worse

 

The Statistics:

As of close of business: 8/3/2018

Gold Warehouse Stocks:

8,641,419.507

-

Silver Warehouse Stocks:

286,399,719.906

+298,164.513

 

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

794.895

25,556,664

US$30,902m

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$433m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.061 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 262.16: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,274.31: +32.18 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Great Panther

GPL +2.78% $1.11

2.  Silvercorp

SVM +2.17% $2.83

3.  Paramount

PZG +1.79% $1.14

 

LOSERS

1.  Pretivm

PVG -3.97% $7.75

2.  Alexco

AXU -3.23% $1.20

3.  Eurasian

EMX -3.13% $1.24

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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