• Gold: 1,243.08 -0.06
  • Silver: 14.59 0.03
  • Euro: 1.133 -0.000
  • USDX: 97.373 -0.015
  • Oil: 52.33 0.36

September 20: Gold and Silver Gain Again

Chris Mullen
|
Thursday, September 20th

 

Close

Gain/Loss

Gold

$1207.30

+$3.80

Silver

$14.31

+$0.07

XAU

66.79

+0.16%

HUI

144.27

-0.08%

GDM

526.59

+0.99%

JSE Gold

1048.32

-8.79

USD

93.89

-0.66

Euro

117.82

+1.09

Yen

89.04

-0.21

Oil

$70.80

-$0.32

10-Year

3.068%

-0.012

T-Bond

140.4375

+0.53125

Dow

26656.98

+0.95%

Nasdaq

8028.23

+0.98%

S&P

2930.75

+0.78%

 
http://www.goldseek.com/news/2018/2018-09-20_14-01-27.jpg

 

The Metals:

 

Gold dipped $2.10 to $1201.40 in Asia before it climbed up to $1208.40 by a little after 10AM EST and then fell back under unchanged by midday, but it then rallied back higher into the close and ended with a gain of 0.32%. Silver dipped to as low as $14.181 in Asia, but it then chopped back higher for most of the rest of trade and ended with a gain of 0.49%.

 

Euro gold fell to about €1025, platinum gained $8.50 to $829.50, and copper climbed 3 cents to about $2.74.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Jay Powell reportedly ramps up meetings with lawmakers as he seeks to protect Fed's independence  CNBC

Economy poised to grow 3% or more for the rest of 2018, leading indicators signal  MarketWatch

U.S. existing home sales unchanged in August  Reuters

Philly Fed manufacturing index rebounds in September  MarketWatch

U.S. weekly jobless claims fall as labor market strength continues  Reuters

 

Tomorrow brings Markit manufacturing PMI and Markit services PMI.

 

The Markets:

 

Oil edged lower after another Trump Tweet about OPEC urged them to “get prices down.”

 

The U.S. dollar index fell on waning trade concerns while the euro jumped higher on economic data and Brexit speculation.

 

Treasuries edged higher on rising demand due to higher rates.

 

The Dow, Nasdaq, and S&P rose nearly 1% on economic confidence.

 

Among the big names making news in the market today were Nissan, General Electric, Tesla, Google, and Eventbrite.

 

GATA Posts:

 

 

India is another rich country insisting on being poor ...

 

The Statistics:

As of close of business: 9/19/2018

Gold Warehouse Stocks:

8,270,816.984

-

Silver Warehouse Stocks:

291,933,843.002

+162,397.62

 

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

742.232

23,863,511

US$28,829m

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$5,346m

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$5,909m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$433m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 266.46: +0.36 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,418.84: No change from yesterday’s data.

 

The Miners:

 

Golden Star’s (GSS) operations update, guidance, and drill results, Alamos Gold’s (AGI) completed expansion, and Alexco’s (AXU) updated resource were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Great Panther

GPL +8.39% $1.00

2.  Alexco

AXU +7.48% $1.15

3.  Gold Standard

GSV +5.85% $1.81

 

LOSERS

1.  New Gold

NGD -9.09% $1.00

2.  DRDGOLD

DRD -8.54% $1.82

3.  First Majestic

AG -2.55% $5.73

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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