-- Published: Thursday, 3 December 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1063.20 | +$10.50 |
Silver | $14.11 | +$0.08 |
XAU | 47.16 | +1.33% |
HUI | 114.32 | +2.23% |
GDM | 388.45 | +1.25% |
JSE Gold | 898.06 | +2.86 |
USD | 97.78 | -2.21 |
Euro | 109.51 | +3.37 |
Yen | 81.63 | +0.48 |
Oil | $41.08 | +$1.14 |
10-Year | 2.330% | +0.152 |
T-Bond | 153.78125 | -3.71875 |
Dow | 17477.67 | -1.42% |
Nasdaq | 5037.52 | -1.67% |
S&P | 2049.62 | -1.44% |
The Metals:
Gold dipped down to $1049.00 by a little after 4AM EST, but it then chopped back higher for most of the rest of trade and ended with a gain of 1%. Silver slipped to $13.917 before it rallied back to $14.146 and then fell back off a bit, but it still ended with a gain of 0.57%.
Euro gold fell to about €971, platinum gained $16 to $844, and copper climbed a few cents to about $2.07.
Gold and silver equities rose about 2% at the open and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claim | 11/28 | 269K | 267K | 260K |
Factory Orders | Oct | 1.5% | 1.1% | -0.8% |
ISM Services | Nov | 55.9 | 58.3 | 59.1 |
Yellen Looks Beyond Global Drags and Likes What She Sees in U.S. Bloomberg
Tomorrow brings November’s jobs data and the Trade Balance.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose nearly 3% ahead of tomorrow’s OPEC meeting.
The U.S. dollar index dropped substantially as the euro jumped higher after today’s ECB announcement sent treasuries lower along with the Dow, Nasdaq, and S&P.
ECB Decision Sends European Insurers Tumbling on QE Extension Bloomberg
Among the big names making news in the market today were Yahoo, Uber, and Massey.
GATA Posts:
Alasdair Macleod: The Fed's in a bind
Goldman Sachs has plan for investment banks to issue their own currency
India targets temple gold hoard to rescue monetization plan
Fed uses leaks to 'steer market expectations,' study finds
The Statistics:
As of close of business: 12/02/2015
Gold Warehouse Stocks: | 6,446,930.134 | +12,072.039 |
Silver Warehouse Stocks: | 157,946,953.432 | -394,894.92 |
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 | 639.023 | 20,545,223 | US$21,676m |
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$4,702m |
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$5,190m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$381m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.42 | 945,780 | US$998m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 15.776 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 157.97: -0.03 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,928.86: -4.14 change from yesterday’s data.
The Miners:
Timberline’s (TLR) proposed acquisition update, Gold Resource’s (GORO) staking of additional claims, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos | AGI +8.79% $3.34 |
2. Seabridge | SA +5.01% $8.38 |
3. Newmont | NEM +4.93% $18.73 |
LOSERS
1. Richmont | RIC -1.92% $3.06 |
2. Freeport | FCX -1.92% $7.68 |
3. MAG Silver | MVG -1.28% $6.92 |
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: Thursday, 3 December 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall Markedly
