• Gold: 1,238.61 -4.33
  • Silver: 14.58 -0.19
  • Euro: 1.131 -0.006
  • USDX: 97.434 0.29
  • Oil: 51.14 -1.84

November 15: Gold and Silver Gain with Stocks

Chris Mullen
|
Thursday, November 15th

 

Close

Gain/Loss

Gold

$1213.30

+$1.40

Silver

$14.29

+$0.14

XAU

64.99

+2.30%

HUI

146.41

+2.06%

GDM

532.07

+1.79%

JSE Gold

1108.65

+27.91

USD

97.05

+0.13

Euro

113.34

+0.14

Yen

88.24

+0.09

Oil

$56.46

+$0.21

10-Year

3.113%

-0.009

T-Bond

138.90625

+0.03125

Dow

25289.27

+0.83%

Nasdaq

7259.03

+1.72%

S&P

2730.20

+1.06%

 
http://www.goldseek.com/news/2018/2018-11-15_14-02-17.jpg

 

The Metals:

 

Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then chopped back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $14.347 and ended with a gain of 0.99%.

 

Euro gold remained above €1070, platinum gained $6 to $839, and copper climbed 4 cents to about $2.75.

 

Gold and silver equities rose roughly 2% in the first hour of trade before they fell back off into midday, but they then rallied back higher into the close and ended near their highs of the session.

 

The Economy:

 

Paul Tudor Jones says we’re in a global debt bubble and headed for some ‘scary moments’  CNBC

Fed plans major review of how it pursues inflation, employment goals  Reuters

U.S. jobless claims unexpectedly rise; several states estimated  Reuters

U.S. business inventories rise modestly in September  Reuters

Empire State, Philly Fed indexes show manufacturing still solid despite rising costs  MarketWatch

Cost of imported goods climb 0.5% in October  MarketWatch

U.S. retail sales surge in October after first back-to-back declines since 2015  MarketWatch

 

Tomorrow brings Industrial production and Capacity utilization.

 

The Markets:

 

Oil closed modestly higher after the Energy Information Administration reported that crude inventories rose 10.3 million barrels, gasoline inventories fell 1.4 million barrels, and distillates fell 3.6 million barrels.

 

The U.S. dollar index traded mostly higher as the pound fell markedly after new resignations from U.K. Prime Minister Theresa May’s cabinet reignited Brexit fears.

 

Treasuries pared early gains as the Dow, Nasdaq, and S&P turned morning losses into notable afternoon gains on hopes for easing trade tensions with China. The Financial Times reported that any further U.S. tariffs on Chinese imports are on hold, but the U.S. Trade Representative that inspired that report later denied making such statements.

 

Among the big names making news in the market today were JC Penney, Facebook, Walmart, and Tesla.

 

GATA Posts:

 

 

Cheating Venezuela, Bank of England tempts other nations to withdraw their gold

 

The Statistics:

As of close of business: 11/14/2018

Gold Warehouse Stocks:

8,026,061.729

+2,188.98

Silver Warehouse Stocks:

293,019,909.436

-

 

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

761.155

24,471,888

US$29,651m

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$5,386m

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$5,952m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$435m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday’s data.

 

The Miners:

 

IAMGOLD’s (IAG) resumed operations and Golden Minerals’ (AUMN) acquired project were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Sibanye

SBGL +11.11% $2.60

2.  IAMGOLD

IAG +8.45% $3.08

3.  Hecla

HL +7.73% $2.51

 

LOSERS

1.  Gold Standard

GSV -4.76% $1.20

2.  Wheaton

WPM-3.63% $15.41

3.  Americas Silver

USAS -3.16% $1.53

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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