• Gold: 1,175.37 0.60
  • Silver: 14.45 0.03
  • Euro: 1.134 -0.000
  • USDX: 96.696 -0.121
  • Oil: 64.98 -1.65

June 19: Gold and Silver Find Slight Losses Again

Chris Mullen
|
Tuesday, June 19th

 

Close

Gain/Loss

Gold

$1275.50

-$2.90

Silver

$16.30

-$0.14

XAU

81.67

-0.86%

HUI

176.86

-0.55%

GDM

616.26

-0.70%

JSE Gold

1071.97

+7.06

USD

95.04

+0.25

Euro

115.84

-0.37

Yen

91.07

+0.50

Oil

$65.07

-$0.78

10-Year

2.890%

-0.030

T-Bond

145.125

+0.71875

Dow

24700.21

-1.15%

Nasdaq

7725.59

-0.28%

S&P

2762.57

-0.40%

 
http://www.goldseek.com/news/2018/2018-06-19_14-02-10.jpg

 

The Metals:

 

Gold gained $5.60 to $1284.00 in Asia before it fell back to $1270.60 in London, but it then bounced back higher in New York and ended with a loss of just 0.23%. Silver dipped to as low as $16.237 before it also climbed back higher in New York, but it still ended with a loss of 0.85%.

 

Euro gold rose above €1101, platinum lost $15 to $866, and copper fell 8 cents to about $3.04.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

U.S. housing starts jump to near 11-year high, permits fall  Reuters

Wealth of millionaires surges 10.6% to top $70 trillion for the first time  usatoday

Stock-market investors are acting as if a genuine U.S.-China trade war just erupted  MarketWatch

 

Tomorrow brings the Current account and Existing home sales.

 

The Markets:

 

Oil fell over 1% on expectations for a production increase from OPEC later this week.

 

The U.S. dollar index rose along with treasuries as the Dow, Nasdaq, and S&P fell roughly 1% on further escalation of Trump’s trade dispute with China.

 

Among the big names making news in the market today were Snap, Amazon, ZTE, Fender, VW, and Domo.

 

GATA Posts:

 

 

(Yawn) Morgan to pay $65 million for dollar benchmark manipulation

 

The Statistics:

As of close of business: 6/18/2018

Gold Warehouse Stocks:

9,013,296.696

-

Silver Warehouse Stocks:

272,172,380.782

-981.84

 

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

828.759

26,645,429

US$33,996m

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$5,662m

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$6,261m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$458m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 273.66: -3.00 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,769.30: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Gold Standard

GSV +13.68% $1.33

2.  Eurasian

EMX +4.55% $1.15

3.  Sibanye

SBGL +3.32% $2.80

 

LOSERS

1.  Freeport

FCX -3.21% $16.26

2.  Taseko

TGB -2.59% $1.13

3.  Endeavour Silver

EXK -2.17% $3.16

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

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2018

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