• Gold: 1,238.67 -4.27
  • Silver: 14.58 -0.19
  • Euro: 1.131 -0.006
  • USDX: 97.426 0.282
  • Oil: 51.1 -1.88

October 23: Gold and Silver Gain While Stocks Shake

Chris Mullen
|
Tuesday, October 23rd

 

Close

Gain/Loss

Gold

$1230.10

+$7.30

Silver

$14.73

+$0.16

XAU

69.50

+0.68%

HUI

155.38

+1.24%

GDM

558.63

+0.91%

JSE Gold

1228.01

+62.06

USD

95.93

-0.10

Euro

114.71

+0.02

Yen

89.14

+0.34

Oil

$66.43

-$2.93

10-Year

3.170%

-0.027

T-Bond

138.125

+0.3125

Dow

25191.43

-0.50%

Nasdaq

7437.54

-0.42%

S&P

2740.69

-0.55%

 
http://www.goldseek.com/news/2018/2018-10-23_14-04-02.jpg

 

The Metals:

 

Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.6%. Silver rose to as high as $14.806 and ended with a gain of 1.1%.

 

Euro gold rose above €1072, platinum gained $11.50 to $830, and copper dropped 2 cents to about $2.75.

 

Gold and silver equities jumped about 3% higher at the open before they fell back off into late morning, but they still ended roughly 1% higher on the day.

 

The Economy:

 

Former Fed Chairman Paul Volcker thinks 'we're in a hell of a mess'  CNBC

Trump's trade war could pay off and revive American manufacturing  MarketWatch

Volcker says he's already worried about next financial crisis  MarketWatch

 

Tomorrow brings New home sales and the fed’s Beige Book.

 

The Markets:

 

Oil fell over 4% and the U.S. dollar index edged lower while treasuries rose on worries about a global slowdown that sent the Dow, Nasdaq, and S&P markedly lower at times, but stocks did end well off their lows.

 

Among the big names making news in the market today were Johnson & Johnson, Monsanto, Harley-Davidson, Caterpillar, 3M, and McDonald’s.

 

GATA Posts:

 

 

Don't count on geopolitical tensions to support gold, Lundin cautions

Looks like China will yield to U.S. sanctions on Iran

 

The Statistics:

As of close of business: 10/22/2018

Gold Warehouse Stocks:

8,101,521.184

+100.00

Silver Warehouse Stocks:

289,267,270.990

+545,296.979

 

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

747.876

24,044,970

US$29,711m

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$5,478m

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$6,055m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$441m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.059

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.39: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,404.40: +14.61 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Alamos

AGI +6.05% $4.73

2.  Gold Fields

GFI +5.99% $3.01

3.  DRDGOLD

DRD +4.33% $2.65

 

LOSERS

1.  Turquoise

TRQ -6.63% $1.69

2.  Hecla

HL -3.86% $2.74

3.  Freeport

FCX -3.25% $1.61

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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