• Gold: 1,200.71 1.69
  • Silver: 14.46 0.19
  • Euro: 1.177 0.002
  • USDX: 94.115 -0.07
  • Oil: 72.33 0.07

August 15: Gold and Silver Fall Roughly 2% and 4%

Chris Mullen
|
Wednesday, August 15th

 

Close

Gain/Loss

Gold

$1174.80

-$19.50

Silver

$14.42

-$0.65

XAU

66.06

-6.56%

HUI

143.25

-6.11%

GDM

520.90

-5.65%

JSE Gold

951.07

-81.58

USD

96.71

+0.02

Euro

113.53

+0.07

Yen

90.55

+0.43

Oil

$65.01

-$2.03

10-Year

2.860%

-0.033

T-Bond

144.6875

+65625

Dow

25162.41

-0.54%

Nasdaq

7774.12

-1.23%

S&P

2818.37

-0.76%

 
http://www.goldseek.com/news/2018/2018-08-15_14-05-50.jpg

 

The Metals:

 

Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.63%. Silver slipped to as low as $14.367 and ended with a loss of 4.31%.

 

Euro gold fell to about €1036, platinum lost $36 to $765, and copper dropped 10 cents to about $2.58.

 

Gold and silver equities fell roughly 6% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

U.S. retail sales, manufacturing data bolster third-quarter economic outlook  Reuters

U.S. business inventories edge up in June  Reuters

Home builder sentiment hits 11-month low as trade war takes a hit  MarketWatch

U.S. productivity surges in spring to more than three-year high  MarketWatch

U.S. retail sales show midsummer muscle  MarketWatch

U.S. industrial output rises modestly, powered by factories  Reuters

Empire State manufacturing index rises in August  MarketWatch

 

Tomorrow brings Weekly jobless claims, Housing starts, Building permits, and the Philly Fed index.

 

The Markets:

 

Oil fell over 3% after the Energy Information Administration reported that crude inventories rose 6.8 million barrels, gasoline inventories fell 740,000 barrels, and distillates rose 3.6 million barrels.

 

The U.S. dollar index held near unchanged and treasuries rose as the Dow, Nasdaq, and S&P dropped on concerns that Turkey’s recent currency and trade troubles will spread to other emerging markets.

 

Among the big names making news in the market today were Constellation Brands, GE, Macy’s, Diamondback Energy, and Royal Caribbean.

 

GATA Posts:

 

 

GATA fights on even if the gold industry won't

 

The Statistics:

As of close of business: 8/14/2018

Gold Warehouse Stocks:

8,577,117.507

-

Silver Warehouse Stocks:

286,202,328.205

-628,039.171

 

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

776.653

24,970,158

US$29,510m

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$5,424m

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$6,007m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$421m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.95 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.70: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,177.78: No change from yesterday’s data.

 

The Miners:

 

WINNER

1.  Paramount

PZG +1.77% $1.15

 

LOSERS

1.  Sibanye

SBGL-10.92%$2.12

2.  McEwen

MUX -9.13% $1.89

3.  Harmony

HMY -8.64% $1.48

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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