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Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks Fall
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 12 November 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1084.60

+$0.10

Silver

$14.31

+$0.01

XAU

45.23

-1.55%

HUI

108.19

-1.75%

GDM

372.73

-0.75%

JSE Gold

905.47

+4.88

USD

98.52

-0.43

Euro

108.08

+0.55

Yen

81.58

+0.20

Oil

$41.75

-$1.18

10-Year

2.319%

-0.019

T-Bond

152.90625

+0.875

Dow

17448.07

-1.44%

Nasdaq

5005.07

-1.22%

S&P

2045.97

-1.40%

 
 

 

The Metals:

 

Gold fell $10.38 to $1074.32 by a little after 9AM EST before it jumped back up to $1089.53 in the next hour of trade and then fell back off again into midday, but it then climbed back higher again into the close and ended with a loss of just 0.01%.  Silver surged to as high as $14.499 before it dropped back $14.212, but it still ended with a gain of 0.07%.

 

Euro gold fell to about €1003, platinum lost $5 to $874, and copper fell 5 cents to about $2.17.

 

Gold and silver equities traded mostly lower and ended with about 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Initial Claims

11/07

276K

269K

276K

JOLTS - Job Openings

Sep

5.53M

-

5.38M

Treasury Budget

Oct

-$136.5B

-$130.0B

-$121.7B

 

Fed must weigh impact of new financial market landscape: Yellen Reuters

 

Tomorrow brings PPI, Retail Sales, Michigan Sentiment, and Business Inventories.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell on more rising inventories while the U.S. dollar index dropped and treasuries rose after Federal Reserve Chairwoman Janet Yellen was reluctant to discuss the central bank’s interest-rate outlook in her remarks at a conference today.

 

The Dow, Nasdaq, and S&P fell over 1% on interest rate uncertainty.

 

Among the big names making news in the market today were Noble Group, Glencore, Siemen’s, and Kohl’s.

 

GATA Posts:

 

 

Gold ETF sales offset record demand for coins and bars

New York Sun: Silent Cal speaks

 

The Statistics:

As of close of business: 11/11/2015

Gold Warehouse Stocks:

6,742,525.884

+31,989.24

Silver Warehouse Stocks:

162,044,816.523

-314,968.16

 

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

663.432

21,329,996

US$23,191m

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$4,797m

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$5,299m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$389m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 159.85: -0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,756.57: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) sale of assets in Nevada to Kinross (KGC), Kirkland’s (KGI.TO) drill results, Alamos Gold’s (AGI) third quarter results, Timmins Gold’s (TGD) drill results, Pan American’s (PAAS) third quarter results, Coeur’s (CDE) discovery, Excellon’s (EXN.TO) third quarter results, and Alexco’s (AXU) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Barrick

ABX +3.71% $7.55

2.  Pan American

PAAS +1.20% $6.74

3.  B2Gold

BTG +0.98% $1.03

 

LOSERS

1.  Alamos

AGI -8.56% $2.99

2.  DRDGOLD

DRD -7.23% $1.54

3.  New Gold

NGD -6.01% $2.19

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 2015

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


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 -- Published: Thursday, 12 November 2015 | E-Mail  | Print  | Source: GoldSeek.com

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