• Gold: 1,199.27 -1.15
  • Silver: 14.18 0.02
  • Euro: 1.168 -0.000
  • USDX: 94.498 -0.044
  • Oil: 69.42 0.55

August 14: Gold and Silver Gain with Stocks and Dollar

Chris Mullen
|
Tuesday, August 14th

 

Close

Gain/Loss

Gold

$1194.30

+$0.90

Silver

$15.07

+$0.08

XAU

70.69

-1.30%

HUI

152.57

-1.26%

GDM

551.89

-1.14%

JSE Gold

1032.65

-66.33

USD

96.69

+0.33

Euro

113.46

-0.54

Yen

90.12

-0.12

Oil

$67.04

-$0.16

10-Year

2.893%

+0.019

T-Bond

144.03125

-0.28125

Dow

25299.92

+0.45%

Nasdaq

7870.89

+0.65%

S&P

2839.96

+0.64%

 
http://www.goldseek.com/news/2018/2018-08-14_14-02-20.jpg

 

The Metals:

 

Gold gained $5.30 to $1198.70 by late morning in New York before it chopped back down to $1192.20 by early afternoon, but then bounced back higher into the close and ended with a gain of 0.08%. Silver rose to as high as $15.107 and ended with a gain of 0.53%.

 

Euro gold rose to about €1053, platinum gained $2 to $801, and copper fell 5 cents to about $2.68.

 

Gold and silver equities fell over 1% by midafternoon and remained near that level for the rest of the day.

 

The Economy:

 

Household debt now 19% above crisis low after 16th straight gain  MarketWatch

U.S. import prices flat; dollar limits imported inflation  Reuters

U.S. Small-Business Optimism Climbs to Second Highest on Record  Bloomberg

 

Tomorrow brings Retail sales, the Empire state index, Productivity, Unit labor costs, Industrial production, Capacity utilization, the Home builders' index, and Business inventories.

 

The Markets:

 

Oil closed slightly lower in mixed trade ahead of tomorrow’s inventory report.

 

The U.S. dollar index rose as the euro fell on concerns about the exposure of European banks to Turkey.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on healthy earnings reports.

 

Among the big names making news in the market today were Ford, Tesla, Wells Fargo, Nvidia, Home Depot, and NIO.

 

GATA Posts:

 

 

People will notice inflation all at once, GATA chairman tells GoldSeek Radio

 

The Statistics:

As of close of business: 8/13/2018

Gold Warehouse Stocks:

8,577,117.507

-

Silver Warehouse Stocks:

286,830,367.376

+796,874.63

 

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

784.603

25,225,785

US$30,191m

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$429m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.473 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:

 

Gold Fields’ (GFI) restructuring, B2Gold’s (BTG) work in Mali, and Pretivm’s (PVG) board change were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Pretivm

PVG +9.12% $9.45

2.  First Majestic

AG +2.37 $5.62

3.  Fortuna

FSM +1.75% $4.65

 

LOSERS

1.  Gold Fields

GFI -12.8% $2.93

2.  DRDGOLD

DRD -7.32% $2.28

3.  Americas Silver

USAS -5.35% $2.30

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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