• Gold: 1,202.87 4.39
  • Silver: 14.16 0.01
  • Euro: 1.170 0.003
  • USDX: 94.449 -0.191
  • Oil: 69.45 -0.09

August 17: Gold and Silver Fall Over 2% and 3% on the Week

Chris Mullen
|
Friday, August 17th

 

Close

Gain/Loss

On Week

Gold

$1184.20

+$10.60

-2.25%

Silver

$14.81

+$0.17

-3.33%

XAU

65.92

+2.57%

-10.76%

HUI

142.43

+2.48%

-10.94%

GDM

519.42

+2.02%

-9.39%

JSE Gold

931.49

-15.01

-15.40%

USD

96.12

-0.50

-0.24%

Euro

114.42

+0.68

+0.25%

Yen

90.57

+0.22

+0.38%

Oil

$65.91

+$0.45

-2.54%

10-Year

2.862%

UNCH

-0.31%

Bond

144.6875

+0.15625

+0.24%

Dow

25669.32

+0.43%

+1.41%

Nasdaq

7816.33

+0.13%

-0.29%

S&P

2850.13

+0.33%

+0.59%

 
http://www.goldseek.com/news/2018/2018-08-17_14-04-45.jpg

 

The Metals:

 

Gold chopped higher throughout most of world trade and ended near its last-minute high of $1184.40 with a gain of 0.9%. Silver rose to as high as $14.80 and ended with a gain of 1.16%.

 

Euro gold climbed above €1035, platinum gained $11 to $788, and copper climbed 5 cents to about $2.67.

 

Gold and silver equities gained roughly 2% in the first half hour of trade and remained near that level for the rest of the day.

 

The Economy:

 

U.S. consumer sentiment hits 11-month low, inflation in focus  Reuters

Blistering U.S. economy still surging at midsummer, leading index shows  MarketWatch

Fed's Powell may use Jackson Hole speech to discuss potential trouble ahead  MarketWatch

Recession indicators are flashing a yellow ‘caution’ signal, Pimco says  MarketWatch

 

The Markets:

 

Oil rose almost 1% and the U.S. dollar index fell on continued optimism about upcoming trade talks with China that held treasuries near unchanged and sent the Dow, Nasdaq, and S&P higher.

 

Among the big names making news in the market Friday were DoorDash, TiVo, Nvidia, Teva, and Tesla.

 

GATA Posts:

 

 

GATA Chairman Murphy explains his organization's struggle

Keith Weiner: Bond paying interest in gold would confirm metal's role as money

GoldCore: Gold's counterintuitive fall may be official intervention

Perth Mint launches first government-backed gold ETF

 

The Statistics:

Activity from: 8/16/2018

Gold Warehouse Stocks:

8,469,024.087

-19,636.39

Silver Warehouse Stocks:

287,566,814.954

+214,647.079

 

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

773.413

24,866,016

US$29,296m

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$424m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.178 tonnes.

 

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: +58.50 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  EMX Royalty

EMX +7.62% $1.13

2.  DRDGOLD

DRD +5.94% $2.14

3.  Endeavour Silver

EXK +5.26% $2.20

 

LOSERS

1.  Paramount

PZG -3.11% $1.09

2.  Seabridge

SA -2.20% $11.10

3.  Gold Standard

GSV -1.39% $1.42

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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