• Gold: 1,331.21 -0.62
  • Silver: 16.99 -0.02
  • Euro: 1.224 0.002
  • USDX: 90.581 0.009
  • Oil: 63.42 0.01

December 18: Gold and Silver Gain With Stocks

Chris Mullen
|
Monday, December 18th

 

Close

Gain/Loss

Gold

$1261.30

+$5.50

Silver

$16.12

+$0.08

XAU

81.68

+1.81%

HUI

182.85

+1.53%

GDM

619.60

+1.29%

JSE Gold

1263.77

-5.74

USD

93.70

-0.23

Euro

117.82

+0.26

Yen

88.93

+0.08

Oil

$57.16

-$0.14

10-Year

2.394%

+0.044

T-Bond

154.28125

-1.09375

Dow

24792.20

+0.57%

Nasdaq

6994.76

+0.84%

S&P

2690.16

+0.54%

 
http://www.goldseek.com/news/2017/2017-12-18_14-01-18.jpg

 

The Metals:

 

Gold gained $7.90 to $1263.70 in late morning New York trade before it drifted back lower into the close, but it still ended with a gain of 0.44%. Silver rose to as high as $16.166 and ended with a gain of 0.5%.

 

Euro gold rose above €1070, platinum gained $18 to $908, and copper climbed a penny to about $3.13.

 

Gold and silver equities gained roughly 1.5% by midmorning and remained near that level for the rest of the day.

 

The Economy:

 

Home-builder confidence roars to an 18-year high  MarketWatch

 

Tomorrow brings Housing Starts and the Current Account.

 

The Markets:

 

Oil edged lower after a worker strike in Nigeria was suspended.

 

The U.S. dollar index fell with treasuries while the Dow, Nasdaq, and S&P climbed to new highs on improving prospects for passage of the tax plan.

 

Among the big names making news in the market today were Delta, Campbell Soup, CME Group, Penn National, Oracle, Amplify Snack Brands, and Twitter.

 

GATA Posts:

 

 

All that Chinese oil traders want for Christmas is a futures contract

Stewart Dougherty: 'Exchange for physicals' erases government trades that rig gold price

Join GATA at the Vancouver Resource Investment Conference Jan. 21-22

Bitcoin explosion highlights gold price suppression, GATA chairman tells Wall Street Raw

Cryptos forecast fate of fiat currencies, Embry tells GoldSeek Radio

Hedge funds are pulling out of gold and seeking thrills elsewhere

 

The Statistics:

As of close of business: 12/15/2017

Gold Warehouse Stocks:

9,063,631.253

+16,975.20

Silver Warehouse Stocks:

239,158,789.415

-166,727.774

 

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

837.201

26,916,849

US$33,925m

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$5,612m

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$6,199m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$452m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 7.086 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.97: +1.13 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.22: No change from yesterday’s data.

 

The Miners:

 

Northern Dynasty’s (NAK) framework agreement with First Quantum Minerals (FM.TO) and Great Panther’s (GPL) permits were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alexco

AXU +9.92% $1.44

2.  New Gold

NGD +5.08% $3.10

3.  Tahoe Resources

TAHO +4.77% $4.61

 

LOSERS

1.  Northern Dynasty

NAK -11.57% $1.91

2.  Eldorado

EGO -2.33% $1.26

3.  Paramount

PZG -1.57% $1.25

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

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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

© Gold Seeker 2017

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