• Gold: 1,201.14 -0.32
  • Silver: 13.97 -0.04
  • Euro: 1.128 0.004
  • USDX: 97.233 -0.309
  • Oil: 55.13 -3.69

October 12: Gold Gains Over 1% on the Week While Stocks Drop 4%

Chris Mullen
|
Friday, October 12th

 

Close

Gain/Loss

On Week

Gold

$1218.00

-$4.70

+1.24%

Silver

$14.61

+$0.06

-0.14%

XAU

69.28

-0.99%

+5.79%

HUI

153.30

-0.59%

+6.88%

GDM

550.27

+0.04%

+6.05%

JSE Gold

1154.31

-1.65

+10.59%

USD

95.28

+0.26

-0.36%

Euro

115.59

-0.39

+0.30%

Yen

89.18

-0.03

+1.43%

Oil

$71.34

+$0.37

-4.04%

10-Year

3.153%

+0.009

-2.66%

Bond

138.46875

-0.375

+0.93%

Dow

25339.99

+1.15%

-4.19%

Nasdaq

7496.89

+2.29%

-3.74%

S&P

2767.13

+1.42%

-4.10%

 
http://www.goldseek.com/news/2018/2018-10-12_14-01-24.jpg

 

The Metals:

 

Gold dipped $6.80 to $1215.90 in Asia before it climbed up to $1223.30 in London and then drifted back lower in morning New York trade, but it ended with a loss of just 0.38%. Silver chopped between $14.525 and $14.702 and ended with a gain of 0.41%.

 

Euro gold remained near €1054, platinum gained $17 to $837, and copper climbed 4 cents to about $2.81.

 

Gold and silver equities fell over 3% in the first 90 minutes of trade, but they then bounced back higher into the close and ended mixed on the day.

 

The Economy:

 

U.S.-China trade talks must cover currency, U.S. Treasury chief says  Reuters

October consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high  CNBC

U.S. import prices jump 0.5% in September on fuel costs  MarketWatch

 

The Markets:

 

Oil bounced back from yesterday’s losses along with the U.S. dollar index and treasuries edged lower as the Dow, Nasdaq, and S&P rebounded from this week’s notable pullback.

 

Among the big names making news in the market Friday were Ford, Citigroup, Anaplan, JPMorgan, Wells Fargo, PNC, and Sears.

 

GATA Posts:

 

 

Ronan Manly: Skepticism reigns about true state of China's gold reserves

 

The Statistics:

Activity from: 10/11/2018

Gold Warehouse Stocks:

8,101,553.335

-37,808.40

Silver Warehouse Stocks:

287,685,479.911

-389,530.211

 

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

738.994

23,759,400

US$28,967m

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$5,414m

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$5,984m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$437m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 268.64: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,354.73: No change from yesterday’s data.

 

The Miners:

 

McEwen’s (MUX) third quarter production results, Golden Arrow’s (GRG.V) operations report, and Great Panther’s (GPL) third quarter production results were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Gold Resource

GORO +3.99% $5.74

2.  Seabridge

SA +3.35% $14.50

3.  Paramount

PZG +2.78% $1.11

 

LOSERS

1.  DRDGOLD

DRD -3.70% $2.34

2.  Freeport

FCX -3.34% $12.74

3.  Wheaton

WPM-3.28% $17.38

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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