• Gold: 1,227.86 2.74
  • Silver: 14.62 0.04
  • Euro: 1.146 0.001
  • USDX: 95.896 -0.053
  • Oil: 69.18 0.43

August 21: Gold and Silver Gain with Stocks

Chris Mullen
|
Tuesday, August 21st

 

Close

Gain/Loss

Gold

$1194.00

+$3.80

Silver

$14.76

+$0.01

XAU

66.78

+1.01%

HUI

144.45

+0.98%

GDM

527.55

+0.74%

JSE Gold

934.40

+21.66

USD

95.26

-0.59

Euro

115.73

+1.78

Yen

90.73

-0.25

Oil

$67.35

+$0.92

10-Year

2.844%

-0.008

T-Bond

145.09375

-0.375

Dow

25822.29

+0.25%

Nasdaq

7859.17

+0.49%

S&P

2862.96

+0.21%

 
http://www.goldseek.com/news/2018/2018-08-21_14-01-44.jpg

 

The Metals:

 

Gold gained $6.10 to $1196.30 in Asia before it dropped back to $1187.80 by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.32%. Silver slipped to as low as $14.72 and ended with a gain of 0.07%.

 

Euro gold fell to about €1032, platinum gained $1.50 to $792, and copper climbed a couple of cents to about $2.69.

 

Gold and silver equities waffled near unchanged throughout the morning, but they then rallied back higher in late trade and ended with gains of roughly 1%.

 

The Economy:

 

U.S. Treasury investors cautious ahead of FOMC minutes: survey  Reuters

Exclusive: Trump demands Fed help on economy, complains about interest rate rises  Reuters

Even with trade talks on tap, U.S. moves forward on new tariffs against China  MarketWatch

 

Tomorrow brings Existing home sales and FOMC minutes.

 

 

The Markets:

 

Oil rose over 1% on continued concerns about Iran and positioning ahead of tomorrow’s inventory data.

 

The U.S. dollar index continued to fall in reaction to Trump’s critical fed remarks.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P climbed higher on positive earnings reports.

 

Among the big names making news in the market today were TJX, Nike, Slack, Facebook, and JP Morgan.

 

GATA Posts:

 

 

Come to New Orleans conference with GATA and enjoy a money-back guarantee

Trump's attack on Fed crossed 'red line' for markets, could weaken dollar

Trump unhappy with Fed over rates, calls EU and China currency manipulators

 

The Statistics:

As of close of business: 8/20/2018

Gold Warehouse Stocks:

8,476,117.084

-

Silver Warehouse Stocks:

289,490,587.294

+1,194,404.61

 

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

772.236

24,828,146

US$29,562m

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$427m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.37: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,236.28: No change from yesterday’s data.

 

The Miners:

 

Seabridge Gold’s (SA) drilling and Alio Gold’s (ALO) focus on mine operations were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Turquoise

TRQ +3.86% $2.42

2.  Buenaventura

BVN +3.78% $12.62

3.  Hecla

HL +3.70% $2.80

 

LOSERS

1.  DRDGOLD

DRD -5.09% $2.05

2.  Paramount

PZG -4.55% $1.05

3.  Americas Silver

USAS-4.26% $2.25

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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