-- Published: Monday, 23 November 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1068.70 | -$8.50 |
Silver | $14.11 | -$0.04 |
XAU | 44.41 | -0.80% |
HUI | 106.09 | -1.05% |
GDM | 367.47 | -1.30% |
JSE Gold | 871.56 | -31.50 |
USD | 99.80 | +0.19 |
Euro | 106.28 | -0.21 |
Yen | 81.37 | -0.08 |
Oil | $41.75 | -$0.15 |
10-Year | 2.250% | -0.012 |
T-Bond | 154.9375 | +0.50 |
Dow | 17792.68 | -0.17% |
Nasdaq | 5102.47 | -0.05% |
S&P | 2086.59 | -0.12% |
The Metals:
Gold dropped $10.29 to $1066.91 in early New York trade before it bounced back to $1073.60 by a little after 9AM EST and then drifted back lower again into the close, but it ended with a loss of just 0.79%. Silver slipped to as low as $13.92 before it rebounded to $14.202 and then also fell back off, but it ended with a loss of just 0.28%.
Euro gold fell to about €1006, platinum lost $6 to $843, and copper fell a few cents to about $2.02.
Gold and silver equities traded roughly 1% lower throughout the day.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Oct | 5.36M | 5.50M | 5.55M |
Tomorrow brings GDP, the Case-Shiller 20-city Index, and Consumer Confidence.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended modestly lower “after Saudi Arabia's pledge to work on price stability.”
The U.S. dollar index saw slight gains along with treasuries on fed speak.
Fed's Tarullo says worried about too-low inflation Reuters
The Dow, Nasdaq, and S&P traded mixed and closed lower in quiet holiday thinned trade.
Among the big names making news in the market today were GameStop, Wal-Mart, and Pfizer.
GATA Posts:
Dimitri Speck: Can investors trust the new gold fixing?
Sprott, Neumeyer interviewed about undervaluation in monetary metals sector
Chinese savers turn to gold as rest of the world exits holdings
Central banks hate gold for rebuking their destruction of markets, Stockman says
New York Sun: Fed is panicking about oversight legislation
The Statistics:
As of close of business: 11/20/2015
Gold Warehouse Stocks: | 6,438,071.059 | +1,668.25 |
Silver Warehouse Stocks: | 160,581,180.912 | +302,626.97 |
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 | 660.752 | 21,243,850 | US$22,735m |
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$4,749m |
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$5,246m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$384m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 30.43 | 978,409 | US$1,047m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.191 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.27: -0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,897.43: +29.65 change from yesterday’s data.
The Miners:
Gold Reserve’s (GRZ.V) judgement, Eurasian’s (EMXX) optioned project, Claude’s (CGR) board addition, and Silvercorp’s (SVM.TO) exploration results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +2.30% $3.56 |
2. B2Gold | BTG +1.94% $1.05 |
3. Sandstorm | SAND +1.93% $2.64 |
LOSERS
1. Primero | PPP -5.53% $2.05 |
2. Gold Fields | GFI -5.20% $2.37 |
3. Alamos | AGI -3.06% $2.85 |
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: Monday, 23 November 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Modestly Lower
