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Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 1 December 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1069.00

+$4.00

Silver

$14.17

+$0.08

XAU

47.67

+3.29%

HUI

114.45

+3.31%

GDM

390.06

+3.07%

JSE Gold

897.53

+6.19

USD

99.78

-0.44

Euro

106.33

+0.64

Yen

81.39

+0.14

Oil

$41.85

+$0.20

10-Year

2.155%

-0.063

T-Bond

157.34375

+1.9375

Dow

17888.35

+0.95%

Nasdaq

5156.30

+0.93%

S&P

2102.63

+1.07%

 
 

 

The Metals:

 

Gold gained $8.03 to $1073.03 in Asia before it chopped back lower in London, but it then climbed back higher in afternoon New York trade and ended with a gain of 0.38%.  Silver rose to as high as $14.253 and ended with a gain of 0.57%.

 

Euro gold fell to about €1005, platinum gained $9 to $837, and copper climbed a few cents to about $2.08.

 

Gold and silver equities climbed higher in afternoon trade and ended with over 3% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ISM Index

Nov

48.6

50.4

50.1

Construction Spending

Oct

1.0%

0.7%

0.6%

 

Tomorrow brings ADP Employment, Productivity, and the fed’s Beige Book.

 

The Markets:

 

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

 

Oil edged higher in mixed trade ahead of Friday’s OPEC meeting.

 

The U.S. dollar index fell on poor manufacturing data that sent treasuries higher.

 

The Dow, Nasdaq, and S&P rose on strong auto sales.

 

Among the big names making news in the market today were VTech, Fiat Chrysler, and Volkswagen.

 

GATA Posts:

 

 

Dave Kranzler: Comex is zombie market as hedge funds go record short paper gold

U.S. Mint American eagle gold coin sales surge, silver at record

Montana gold mine lays off 135 employees, but who cares?

 

The Statistics:

As of close of business: 11/30/2015

Gold Warehouse Stocks:

6,444,643.959

+66,997.61

Silver Warehouse Stocks:

158,954,296.382

+499.71

 

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

654.799

21,052,432

US$22,421m

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$4,737m

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$5,233m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$383m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

30.13

968,757

US$1,035m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 158.65: -1.97 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,897.43: +95.10 change from yesterday’s data.

 

The Miners:

 

Gold Reserve’s (GRZ.V) convertible notes, Barrick’s (ABX) completed sale, Nevsun’s (NSU) drill results, Osisko’s (OR.TO) early warning report, Gold Resource’s (GORO) option to purchase a gold bearing property in Nevada, and Aurcana’s (AUN.V) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Yamana

AUY +7.62% $2.26

2.  New Gold

NGD +6.79% $2.36

3.  Kinross

KGC +6.77% $2.05

 

LOSERS

1.  Turquoise

TRQ -2.68% $2.54

2.  DRDGOLD

DRD -0.66% $1.51

3.  Newmont

NEM -0.11% $18.39

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: Tuesday, 1 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

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