• Gold: 1,227.02 1.90
  • Silver: 14.59 0.02
  • Euro: 1.146 0.000
  • USDX: 95.949 0.049
  • Oil: 68.97 0.22

December 19: Gold and Silver End Slightly Higher While Stocks Dip

Chris Mullen
|
Tuesday, December 19th

 

Close

Gain/Loss

Gold

$1262.20

+$0.90

Silver

$16.13

+$0.01

XAU

81.57

-0.13%

HUI

182.46

-0.22%

GDM

620.39

+0.10%

JSE Gold

1216.31

-47.46

USD

93.45

-0.25

Euro

118.42

+0.60

Yen

88.78

-0.15

Oil

$57.46

+$0.30

10-Year

2.451%

+0.057

T-Bond

152.53125

-1.75

Dow

24754.75

-0.15%

Nasdaq

6963.85

-0.44%

S&P

2681.47

-0.32%

 
http://www.goldseek.com/news/2017/2017-12-19_14-28-52.jpg

 

The Metals:

 

Gold gained $3.90 to $1265.20 in London before it chopped back down to $1259.30 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.07%. Silver rose to as high as $16.221 and ended with a gain of 0.06%.

 

Euro gold fell to about €1066, platinum gained $4 to $912, and copper remained at about $3.13.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Single-family housing starts, permits hit 10-year high  Reuters

US current account for the 3Q -100.6B vs. -$116.2B  forexlive

 

Tomorrow brings Existing Home Sales.

 

The Markets:

 

Oil edged higher ahead of tomorrow’s inventory data.

 

The U.S. dollar index fell along with treasuries on mixed indications about the timing of the tax bill that held the Dow, Nasdaq, and S&P slightly lower.

 

Among the big names making news in the market today were Apple, Bitcoin, UPS, Tesla, and Facebook.

 

GATA Posts:

 

 

EU plans to prohibit anonymity for bitcoin transactions on exchanges

A bitcoin.com founder has sold all his bitcoin, as it's 'as good as useless'

 

The Statistics:

As of close of business: 12/18/2017

Gold Warehouse Stocks:

9,159,255.823

+95,624.57

Silver Warehouse Stocks:

239,120,693.085

-38,096.33

 

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

837.201

26,916,849

US$33,918m

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$5,598m

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$6,187m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$452m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.97: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.22: No change from yesterday’s data.

 

The Miners:

 

Eldorado Gold’s (EGO) arbitration update, Sandstorm’s (SAND) acquired royalty, and Turquoise Hill’s (TRQ) director appointment were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  NovaGold

NG +6.08% $4.01

2.  Turquoise

TRQ +4.81% $3.27

3.  Avino

ASM +3.08% $1.34

 

LOSERS

1.  Northern Dynasty

NAK -5.76% $1.80

2.  Harmony

HMY -3.91% $1.72

3.  Gold Resource

GORO-2.63% $4.08

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

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2017

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