• Gold: 1,503.40 -4.12
  • Silver: 17.07 -0.08
  • Euro: 1.110 -0.001
  • USDX: 98.34 -0.03
  • Oil: 55.31 -0.82

December 27: Gold and Silver Hold 1% Gains in Face of Stocks Reversal

Chris Mullen
|
Thursday, December 27th

 

Close

Gain/Loss

Gold

$1274.90

+$8.70

Silver

$15.23

+$0.20

XAU

70.78

+1.15%

HUI

161.27

+0.91%

GDM

587.25

+1.17%

JSE Gold

1367.40

+7.81

USD

96.53

-0.51

Euro

114.38

+0.86

Yen

90.15

+0.11

Oil

$44.61

-$1.61

10-Year

2.777%

+0.007

T-Bond

144.75

UNCH

Dow

23138.82

+1.14%

Nasdaq

6579.49

+0.38%

S&P

2488.83

+0.86%

 
http://www.goldseek.com/news/2018/2018-12-27_14-01-30.jpg

 

The Metals:

 

Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 0.69%. Silver rose to as high as $15.267 and ended with a gain of 1.33%.

 

Euro gold remained at €1115, platinum lost $1 to $795, and copper dropped 2 cents to about $2.68.

 

Gold and silver equities rose over 1% at the open before they chopped back lower at times, but they then rallied back higher in late trade and ended near their highs of the session.

 

The Economy:

 

Fannie/Freddie Annual Prices Soften; New Home Sales Delayed  mortgagenewsdaily

Americans' confidence in the economy falls again and is at lowest level since summer  MarketWatch

Drop in U.S. consumer confidence stokes fears of economic slowdown  Reuters

 

Tomorrow brings Chicago PMI and Pending home sales.

 

The Markets:

 

Oil fell 3.5% and the U.S. dollar index nearly erased yesterday’s comeback on mixed risk appetite outlooks.

 

Treasuries erased early gains and ended near unchanged as the Dow, Nasdaq, and S&P reversed notable early losses and ended higher on volitivity surrounding trade relations with China.

 

Among the big names making news in the market today were Blue Apron, Huawei, ZTE, JPMorgan Chase, ADT, and Amazon.

 

GATA Posts:

 

 

Gartman calls GATA 'always' bullish on gold but mining industry disagrees

 

The Statistics:

As of close of business: 12/26/2018

Gold Warehouse Stocks:

8,364,646.470

+31,901.997

Silver Warehouse Stocks:

293,321,181.603

-230,843.01

 

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

790.021

25,399,969

US$32,198m

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$5,660m

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$6,255m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$458m

 Note: Change in Total Tonnes from yesterday’s data: SPDR added 15.878 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 277.84: +1.13 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday’s data.

 

The Miners:

 

Eldorado’s (EGO) closed 5:1 consolidation of common shares and Coeur’s (CDE) initial reserve and updated resource estimates were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Americas Silver

USAS +5.19% $1.62

2.  Turquoise

TRQ +4.67% $1.57

3.  B2Gold

BTG +4.66% $2.92

 

LOSERS

1.  DRDGOLD

DRD -7.46% $2.11

2.  Hecla

HL -2.89% $2.35

3.  Harmony

HMY -2.89% $1.68

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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