-- Published: Wednesday, 19 November 2014 | Print | Disqus
Please Note: There will not be any Gold Seeker Reports until Monday December 1st.
| Close | Gain/Loss |
Gold | $1183.00 | -$13.80 |
Silver | $16.14 | -$0.08 |
XAU | 71.21 | -5.17% |
HUI | 170.05 | -6.03% |
GDM | 532.32 | -4.92% |
JSE Gold | 1150.00 | +47.07 |
USD | 87.68 | +0.10 |
Euro | 125.45 | +0.13 |
Yen | 84.75 | -0.81 |
Oil | $74.58 | +$0.28 |
10-Year | 2.351% | +0.029 |
Bond | 141.09375 | -0.59375 |
Dow | 17685.73 | -0.01% |
Nasdaq | 4675.71 | -0.57% |
S&P | 2048.72 | -0.15% |
The Metals:
Gold gained $5.35 to $1202.15 in London before it dropped back to $1175.26 at about 10:50 AM EST and then bounced back towards unchanged in early afternoon New York trade, but it then fell back off again into the close and ended with a loss of 1.15%. Silver slipped to as low as $15.897 and ended with a loss of 0.49%.
Euro gold fell to about €943, platinum lost $17 to $1185, and copper climbed 3 cents to about $3.03.
Gold and silver equities fell about 5% by late morning before they rallied back higher at times, but they then fell back off again in late trade and ended near their lows of the session.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Oct | 1009K | 1025K | 1038K |
Building Permits | Oct | 1080K | 1040K | 1031K |
Minutes from the fed’s October 29th meeting “reflected a complex discussion at the U.S. central bank. Staff cut their estimates for near-term U.S. economic growth, and Fed policymakers wrestled with the pros and cons of acknowledging market turbulence and overseas developments in their statement.”
Yellen Gets That Sinking Feeling Greenspan Once Knew Bloomberg
Tomorrow brings Initial Jobless Claims, CPI, Existing Home Sales, the Philadelphia Fed survey, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil bounced higher on thoughts that OPEC may cut output at its meeting next week.
The U.S. dollar waffled near unchanged and treasuries remained lower after today’s fed minutes offered little insight into future fed actions.
The Dow, Nasdaq, and S&P traded mostly slightly lower and ended with modest losses.
Among the big names making news in the market today were Wells Fargo, Dish, Target, Staples, Lowe’s, and Netflix.
GATA Posts:
Koos Jansen: Why did European central banks sell gold?
The Statistics:
Activity from: 11/18/2014
Gold Warehouse Stocks: | 8,172,821.946 | -32,935.90 |
Silver Warehouse Stocks: | 178,329,420.076 | +324,092.955 |
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 | 723.007 | 23,245,390 | US$27,792m |
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$5,237m |
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$429m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.40 | 1,234,459 | US$1,506m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.42: -0.30 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,864.33: +74.51 change from yesterday’s data.
The Miners:
Barrick’s (ABX) Pascua-Lama mine, Solitario’s (XPL) zinc project, and Paramount’s (PZG) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Comstock | LODE +1.79% $1.14 |
2. Avino | ASM +0.69% $1.45 |
LOSERS
1. Allied Nevada | ANV -26.96% $1.49 |
2. Tanzanian Royalty | TRX -16.54% $1.07 |
3. Sandstorm | SAND -13.80% $2.86 |
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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-- Published: Wednesday, 19 November 2014 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Slightly With Stocks
