• Gold: 1,226.69 4.40
  • Silver: 14.50 0.18
  • Euro: 1.138 0.002
  • USDX: 96.719 -0.117
  • Oil: 55.07 1.7

June 14: Gold and Silver Gain with Dollar While Euro Plummets

Chris Mullen
|
Thursday, June 14th

 

Close

Gain/Loss

Gold

$1302.80

+$2.70

Silver

$17.19

+$0.12

XAU

84.67

+1.05%

HUI

182.15

+1.07%

GDM

630.53

+0.78%

JSE Gold

1079.22

+19.42

USD

94.79

+1.21

Euro

115.81

-2.10

Yen

90.41

-0.25

Oil

$66.89

+$0.25

10-Year

2.937%

-0.037

T-Bond

144.34375

+0.90625

Dow

25175.31

-0.10%

Nasdaq

7761.04

+0.85%

S&P

2782.49

+0.25%

 
http://www.goldseek.com/news/2018/2018-06-14_14-03-21.jpg

 

The Metals:

 

Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $17.305 and ended with a gain of 0.70%.

 

Euro gold jumped above €1123, platinum gained $3 to $904, and copper fell 4 cents to about $3.21.

 

Gold and silver equities rose roughly 1% at the open before they more than halved their gains by early afternoon, but they then bounced back higher into the close and ended near their early session highs.

 

The Economy:

 

US business inventories rebound in April  CNBC

U.S. retail sales surge in May; weekly jobless claims fall  Reuters

U.S. import prices increase solidly in May  Reuters

U.S. Retail Sales Top Forecasts, Bolstering Economic Pickup  Bloomberg

Jobless claims drop 4,000 to 218,000  MarketWatch

 

Tomorrow brings Empire State Manufacturing, Industrial Production, Consumer Sentiment, and Treasury International Capital.

 

The Markets:

 

Oil remained firm on OPEC uncertainty.

 

The U.S. dollar index found notable gains as the euro fell the most in 8 months after the ECB pledged to keep interest rates unchanged until mid-2019.

 

Treasuries rose on the ECB’s dovish policy.

 

The Dow, Nasdaq, and S&P traded mixed on concerns about U.S. threats to impose tariffs on $50 billion of Chinese goods.

 

Among the big names making news in the market today were ZTE, Comcast, Michaels, and Etsy.

 

GATA Posts:

 

 

Liberty Dollar reincarnated as asset-backed cryptocurrency

Gold explosion more likely than bull market, GATA chairman says

Unique George Washington gold coin in first auction since 1890

 

The Statistics:

As of close of business: 6/13/2018

Gold Warehouse Stocks:

9,013,296.696

-1,607.50

Silver Warehouse Stocks:

270,544,314.914

+195,544.527

 

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

828.759

26,645,429

US$34,707m

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$5,797m

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$6,406m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$467m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 276.66: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,824.92: -43.91 change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) annual meeting results, B2Gold’s (BTG) second annual Responsible Mining Report, IAMGOLD’s (IAG) assay results, Nevsun’s (NSU) mine extension, and Sibanye’s (SBGL) recovered miner bodies were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Eurasian

EMX +7.14% $1.20

2.  Yamana

AUY +5.00% $3.15

3.  Fortuna

FSM +3.07% $5.71

 

LOSERS

1.  Taseko

TGB -6.30% $1.19

2.  Gold Standard

GSV -4.72% $1.21

3.  Harmony

HMY -3.70% $1.56

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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