• Gold: 1,201.92 1.50
  • Silver: 14.18 0.01
  • Euro: 1.171 0.002
  • USDX: 94.387 -0.155
  • Oil: 69.95 1.08

September 13: Gold and Silver Close Slightly Lower

Chris Mullen
|
Thursday, September 13th

 

Close

Gain/Loss

Gold

$1202.10

-$3.90

Silver

$14.20

-$0.04

XAU

63.74

-0.50%

HUI

138.35

-0.42%

GDM

502.36

+0.09%

JSE Gold

999.41

+1.70

USD

94.55

-0.28

Euro

116.91

+0.63

Yen

89.31

-0.62

Oil

$68.59

-$1.78

10-Year

2.973%

+0.008

T-Bond

143.03125

-0.03125

Dow

26145.99

+0.57%

Nasdaq

8013.71

+0.75%

S&P

2904.18

+0.53%

 
http://www.goldseek.com/news/2018/2018-09-13_14-01-35.jpg

 

The Metals:

 

Gold edged down to $1203.60 in Asia before it jumped up to $1212.60 by about 9:30AM EST, but it then fell back off into midday and ended near its midafternoon low of $1200.20 with a loss of 0.32%. Silver chopped between $14.171 and $14.348 and ended with a loss of 0.28%.

 

Euro gold dropped to €1028, platinum gained $2 to $801, and copper remained at about $2.66.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. consumer prices rise modestly; jobless claims near 49-year low  Reuters

U.S. Core Inflation Unexpectedly Cools as Apparel Costs Fall  Bloomberg

Fed says it whipped U.S. unemployment, maybe too well  Reuters

Jobless claims fall slightly to 203,000 and stick to 49-year low  MarketWatch

 

Tomorrow brings Retail sales, Import prices, Industrial production, Capacity utilization, Consumer sentiment, and Business inventories.

 

The Markets:

 

Oil fell 2.5% “as an industry report showed global supplies at a record and Hurricane Florence weakened ahead of its expected landfall on the East Coast.”

 

The U.S. dollar index dropped on tame inflation data that held treasuries near unchanged.

 

The Dow, Nasdaq, and S&P rose on easing trade tensions.

 

Among the big names making news in the market today were Target, Walmart, Kroger, GM, Salesforce, Nvidia, and Apple.

 

GATA Posts:

 

 

Metals price suppression aims at all commodities, GATA's Ed Steer says

Head of Russian bank warns customers they may not get dollars back

USAGold's News & Views September newsletter is up

 

The Statistics:

As of close of business: 9/12/2018

Gold Warehouse Stocks:

8,326,629.530

-

Silver Warehouse Stocks:

293,166,073.249

-60,892.95

 

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

745.176

23,958,156

US$28,980m

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$5,339m

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$5,906m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$432m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 265.30: +0.69 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,377.90: No change from yesterday’s data.

 

The Miners:

 

Newmont’s ranking as the Metals and Mining sector leader by the Dow Jones Sustainability World Index, Barrick’s (ABX) decentralization push, and Minco Silver’s (MSV.TO) preliminary agreement to acquire 70% of the equity interests in Changling Longxin Mining Co., Ltd were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +6.34% $2.18

2.  Americas Silver

USAS +4.19% $2.24

3.  Paramount

PZG +2.42% $1.06

 

LOSERS

1.  EMX Royalty

EMX -9.68% $1.12

2.  NovaGold

NG -3.20% $3.63

3.  Hecla

HL -3.06% $2.85

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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