• Gold: 1,502.23 3.03
  • Silver: 17.10 0.05
  • Euro: 1.107 -0.001
  • USDX: 98.358 0.188
  • Oil: 53.81 -1.55

December 21: Gold and Silver Gain on the Week While Stocks Fall the Most in 10 Years

Chris Mullen
|
Friday, December 21st

 

Close

Gain/Loss

On Week

Gold

$1255.50

-$5.50

+1.39%

Silver

$14.62

-$0.15

+0.27%

XAU

68.67

-1.60%

+1.60%

HUI

156.47

-1.28%

+2.50%

GDM

570.74

-1.04%

+1.84%

JSE Gold

1316.81

-28.01

+1.12%

USD

97.03

+0.69

-0.44%

Euro

113.63

-0.94

+0.51%

Yen

90.02

-0.10

+2.03%

Oil

$45.59

-$0.29

-10.96%

10-Year

2.783%

-0.021

-3.80%

Bond

144.8125

+0.09375

+0.96%

Dow

22445.37

-1.81%

-6.87%

Nasdaq

6332.99

-2.99%

-8.36%

S&P

2416.58

-2.06%

-7.05%

 
http://www.goldseek.com/news/2018/2018-12-21_14-02-21.jpg

 

The Metals:

 

Dow dives 400 points to end its worst week in 10 years

 

Gold edged up to $1262.60 in Asia before it dropped back to $1256.20 in London and then bounced back above unchanged in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.44%. Silver chopped between $14.777 and $14.606 and ended with a loss of 1.02%.

 

Euro gold rose above €1105, platinum lost $7 to $786, and copper fell 2 cents to about $2.77.

 

Gold and silver equities traded roughly 1% lower for most of the day.

 

The Economy:

 

Consumer sentiment index rises to 98.3 in final December reading  MarketWatch

November durable goods orders point to underlying weakness  MarketWatch

Consumer spending rises 0.4% in November, outpacing income growth  MarketWatch

U.S. third-quarter economic growth revised down to 3.4 percent  Reuters

Trump threatens 'very long' U.S. government shutdown  Reuters

 

The Markets:

 

Oil ended slightly lower on persistent oversupply concerns.

 

The U.S. dollar index rose on safe haven buying from fears of a government shutdown that held treasuries steady and sent the Dow, Nasdaq, and S&P as much as 3% lower.

 

Among the big names making news in the market Friday were Total, Perrigo, and Nike.

 

The Statistics:

Activity from: 12/20/2018

Gold Warehouse Stocks:

8,338,597.271

-96.45

Silver Warehouse Stocks:

293,566,116.413

-1,218,812.04

 

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

769.144

24,728,738

US$31,105m

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$5,585m

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$6,173m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 275.01: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,864.15: -43.80 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) completion of its transaction with the Indonesian government and Northern Dynasty’s (NAK) completed first tranche of a private placement were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Golden Star

GSS +5.32% $2.77

2.  B2Gold

BTG +2.21% $2.78

3.  Yamana

AUY +2.18% $2.34

 

LOSERS

1.  Sibanye

SBGL -8.56% $2.35

2.  DRDGOLD

DRD -8.33% $1.98

3.  Gold Resource

GORO-4.53% $3.79

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

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