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

 -- 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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2015

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

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