• Gold: 1,487.59 -3.07
  • Silver: 17.52 -0.04
  • Euro: 1.112 -0.005
  • USDX: 97.282 -0.332
  • Oil: 53.66 -0.47

December 20: Gold and Silver Gain Over 1% While Stocks Drop Nearly 2%

Chris Mullen
|
Thursday, December 20th

 

Close

Gain/Loss

Gold

$1261.00

+$19.00

Silver

$14.77

+$0.19

XAU

69.79

+4.78%

HUI

158.49

+4.97%

GDM

576.83

+3.08%

JSE Gold

1344.82

-10.71

USD

96.34

-0.72

Euro

114.57

+0.85

Yen

90.12

+0.82

Oil

$45.88

-$2.29

10-Year

2.804%

+0.024

T-Bond

144.71875

-0.3125

Dow

22859.60

-1.99%

Nasdaq

6528.41

-1.65%

S&P

2467.42

-1.58%

 
http://www.goldseek.com/news/2018/2018-12-20_14-12-34.jpg

 

The Metals:

 

Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it chopped back lower into the close, but it still ended with a gain of 1.53%. Silver rose to as high as $14.841 and ended with a gain of 1.3%.

 

Euro gold rose above €1100, platinum gained $9 to $793, and copper remained at about $2.69.

 

Gold and silver equities rose roughly 5% in the first hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

President tells Republicans he won’t sign bill averting shutdown   MarketWatch

Mortgage rates hit a 3-month low with home buyers biding their time  MarketWatch

Trump noncommital on avoiding shutdown as he complains about border wall funding  MarketWatch

Leading economic indicators rise in November  CNBC

Philly Fed manufacturing index in December weakens to more than two-year low  MarketWatch

U.S. weekly jobless claims up; mid-Atlantic factory activity slows  Reuters

 

Tomorrow brings GDP, Durable goods orders, Core capex orders, Personal income and spending, Core inflation, and Consumer sentiment.

 

The Markets:

 

Oil dropped almost 5% and the U.S. dollar index fell markedly along with the Dow, Nasdaq, and S&P on disappointing earnings reports, fears of a government shutdown, and worries about slowing economic growth.

 

Treasuries edged lower as interest rates remained firm after yesterday’s fed announcement.

 

Among the big names making news in the market today were Apple, Blackberry, Tilray, and Altria.

 

GATA Posts:

 

 

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The Statistics:

As of close of business: 12/19/2018

Gold Warehouse Stocks:

8,338,693.721

-

Silver Warehouse Stocks:

294,784,928.453

-919,321.20

 

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

771.790

24,813,829

US$31,253m

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$5,592m

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$6,176m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$453m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.01: +0.35 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,907.95: +23.36 change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) closed financing, Yamana’s (AUY) share purchases by the Executive Chairman and Chief Executive Officer, and Alamos Gold’s (AG) Normal Course Issuer Bid were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +12.5% $2.16

2.  Fortuna

FSM +11.04% $3.62

3.  IAMGOLD

IAG +10.36% $3.73

 

LOSERS

1.  Turquoise

TRQ -1.96% $1.50

2.  EMX Royalty

EMX -1.80% $1.09

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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