-- Posted Thursday, 21 November 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1243.20 | -$1.50 |
Silver | $19.99 | +$0.14 |
XAU | 87.12 | -1.08% |
HUI | 211.20 | -1.69% |
GDM | 620.14 | -1.75% |
JSE Gold | 1186.44 | -49.89 |
USD | 81.03 | UNCH |
Euro | 134.79 | +0.41 |
Yen | 98.97 | -1.02 |
Oil | $95.44 | +$1.59 |
10-Year | 2.784% | -0.008 |
T-Bond | 131.1875 | +0.15625 |
Dow | 16009.99 | +0.69% |
Nasdaq | 3969.15 | +1.22% |
S&P | 1795.85 | +0.81% |
The Metals:
Gold edged up to $1250.34 in London before it fell back to $1236.74 at about 10AM EST and then bounced back higher midday, but it still ended with a loss of 0.12%. Silver climbed to $20.055 at about 4:45AM EST before it fell back to $19.732 in the five hours of trade, but it then rallied back higher in New York and ended with a gain of 0.71%.
Euro gold fell to about €923, platinum lost $1 to $1390, and copper climbed 4 cents to about $3.19.
Gold and silver equities fell over 2% in the first half hour of trade before they rallied back higher at times, but they still ended with about 1.5% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/16 | 323K | 333K | 344K |
PPI | Oct | -0.2% | 00.2% | -0.1% |
Core PPI | Oct | 0.2% | 0.1% | 0.1% |
Philadelphia Fed | Nov | 6.5 | 11.9 | 19.8 |
Tomorrow at 10AM EST brings JOLTS - Job Openings data from September.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher after a U.S. official said it would be "very hard" to get a nuclear agreement with Iran this week.
The U.S. dollar index saw slight gains at times as the yen fell after the Bank of Japan left monetary policy unchanged.
Treasuries edged higher on mixed economic data while the Dow, Nasdaq, and S&P rebounded from yesterday’s losses.
Among the big names making news in the market today were Target, GM, Toyota, Sears, and Hologic.
GATA Posts:
Could bad data be depressing the gold price?
Sinclair interviewed on bail-ins, gold market rigging, and a lot more
Armstrong needn't research gold manipulation; he simply knows there isn't any
Swiss government opposes initative to repatriate and boost gold reserves
'Any sudden drop in prices makes people nervous'
The Statistics:
As of close of business: 11/20/2013
Gold Warehouse Stocks: | 7,193,468.998 | +1,350.33 |
Silver Warehouse Stocks: | 167,993,765.590 | -159,319.03 |
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 | 860.311 | 27,659,859 | US$34,289m |
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$5,511m |
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$8,004m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$446m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.76 | 1,342,738 | US$1,713m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 2.701 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.21: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,404.87: No change from yesterday’s data.
The Miners:
Midway’s (MDW) long lead-time orders and Kimber’s (KBX) take up for shares and management changes were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG +5.40% $2.93 |
2. McEwen | MUX +3.61% $2.01 |
3. Allied Nevada | ANV +3.36% $3.38 |
LOSERS
1. Richmont | RIC -8.93% $1.02 |
2. Rio Alto | RIOM -8.13% $1.47 |
3. Rubicon | RBY -6.09% $1.08 |
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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-- Posted Thursday, 21 November 2013 | Digg This Article | Source: GoldSeek.com