• Gold: 1,231.69 0.93
  • Silver: 15.48 -0.04
  • Euro: 1.172 -0.001
  • USDX: 94.449 -0.703
  • Oil: 68.13 0.02

June 20: Gold Dips While Silver Holds Steady

Chris Mullen
|
Wednesday, June 20th

 

Close

Gain/Loss

Gold

$1269.50

-$6.00

Silver

$16.30

UNCH

XAU

81.25

-0.52%

HUI

175.44

-0.80%

GDM

611.50

-0.75%

JSE Gold

1075.67

+3.70

USD

95.09

+0.05

Euro

115.83

-0.01

Yen

90.73

-0.34

Oil

$66.22

+$1.15

10-Year

2.936%

+0.046

T-Bond

144.50

-0.4375

Dow

24657.80

-0.17%

Nasdaq

7781.51

+0.72%

S&P

2767.32

+0.17%

 
http://www.goldseek.com/news/2018/2018-06-20_14-03-44.jpg

 

The Metals:

 

Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade, but it then fell back off into the close and ended with a loss of 0.47%. Silver slipped to as low as $16.252 and ended unchanged on the day.

 

Euro gold fell to about €1096, platinum gained $1.50 to $867.50, and copper remained at about $3.04.

 

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

 

The Economy:

 

Powell, Draghi express concern over trade wars  MarketWatch

U.S. existing home sales fall for second straight month  Reuters

US: Current-account deficit increased to $124.1 billion Q1 of 2018 from $116.1 billion  fxstreet

A Trump trade war could push China to the brink  MarketWatch

 

Tomorrow brings Weekly jobless claims, the Philly Fed, and Leading indicators.

 

The Markets:

 

Oil rose almost 2% after The Energy Information Administration reported that crude inventories fell 5.9 million barrels, gasoline inventories rose 3.3 million barrels, and distillates rose 2.7 million barrels.

 

The U.S. dollar index waffled near unchanged along with treasuries and the Dow, Nasdaq, and S&P as trade war concerns were offset by expectations for policy stimulus from China.

 

Among the big names making news in the market today were and Starbucks, PayPal, Oracle, and Walt Disney, Fox, and Comcast.

 

GATA Posts:

 

 

Gold Street is where South Africa's mining history goes to die

Cryptocurrencies fall as Korean exchange says $32 million of coins stolen

Tiny Asian nation hoards gold as shield against trade war

 

The Statistics:

As of close of business: 6/19/2018

Gold Warehouse Stocks:

9,013,393.156

+96.46

Silver Warehouse Stocks:

272,794,465.342

+622,084.56

 

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$33,944m

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$5,659m

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$6,254m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$455m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 273.66: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,769.30: No change from yesterday’s data.

 

The Miners:

 

Centerra Gold’s (CG.TO) Strategic Agreement update and Avino’s (ASM) exploration update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Taseko

TGB +2.65% $1.16

2.  Paramount

PZG +1.59% $1.28

3.  AngloGold

AU +1.48% $8.22

 

LOSERS

1.  Avino

ASM -4.69% $1.22

2.  DRDGOLD

DRD -3.87% $2.73

3.  Alexco

AXU -3.82% $1.26

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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