-- Published: Friday, 4 December 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1085.20 | +$22.00 | +2.51% |
Silver | $14.55 | +$0.44 | +3.19% |
XAU | 49.64 | +5.26% | +10.53% |
HUI | 120.45 | +5.36% | +12.07% |
GDM | 405.15 | +4.43% | +8.86% |
JSE Gold | 905.13 | +7.07 | +2.43% |
USD | 98.35 | 0.57 | -1.67% |
Euro | 108.74 | -0.64 | +2.57% |
Yen | 81.21 | -0.36 | -0.27% |
Oil | $39.97 | -$1.11 | -4.65% |
10-Year | 2.275% | -0.055 | +2.25% |
Bond | 155.09375 | +1.59375 | -0.12% |
Dow | 17847.63 | +2.12% | +0.28% |
Nasdaq | 5142.27 | +2.08% | +0.29% |
S&P | 2091.69 | +2.05% | +0.08% |
The Metals:
Gold gained $8.41 to $1071.61 just before this morning’s jobs data before it quickly fell to see a slight loss just after its release, but it then climbed to a new session high of $1088.79 by midmorning in New York and ended with a gain of 2.07%. Silver rose to as high as $14.612 and ended with a gain of 3.12%.
Euro gold rose to about €998, platinum gained $34 to $878, and copper climbed a couple of cents to about $2.09.
Gold and silver equities rose about 5% in the first 45 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Nov | 211K | 196K | 298K |
Unemployment Rate | Nov | 5.0% | 5.0% | 5.0% |
Hourly Earnings | Nov | 0.2% | 0.2% | 0.4% |
Average Workweek | Nov | 34.5 | 34.5 | 34.6 |
Trade Balance | Oct | -$43.9B | -$43.0B | -$42.5B |
The BLS net birth/death adjustment added 15,000 payrolls to November’s data. Private Payrolls rose 197,000.
Fed Outlier Standard Chartered Sees Yellen Cutting Again in 2016 Bloomberg
All of this week’s other economic reports:
Next week’s economic highlights include Consumer Credit on Monday, Wholesale Inventories on Wednesday, Initial Jobless Claims, Import and Export Prices, and the Treasury Budget on Thursday, and PPI, Retail Sales, Business Inventories, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell after OPEC set a record oil-output ceiling of 31.5 million barrels a day.
The U.S. dollar index rose on steady jobs data that supported a rate hike by the fed in a couple of weeks.
Treasuries climbed higher on the view that any rate hikes will be gradual as today’s Hourly Earnings reading indicated tame inflation going forward.
The Dow, Nasdaq, and S&P gained about 2% on today’s goldilocks report.
Among the big names making news in the market Friday were American Apparel, Barclays, Adidas, and Samsung.
The Statistics:
Activity from: 12/3/2015
Gold Warehouse Stocks: | 6,446,930.134 | - |
Silver Warehouse Stocks: | 157,915,205.239 | -31,748.193 |
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 | 638.797 | 20,537,960 | US$22,164m |
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$4,822m |
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$5,338m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$389m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.42 | 945,769 | US$1,021m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.226 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 157.07: -0.90 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,928.86: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) naming to the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index and Comstock’s (LODE) realignment of State Route 342 were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Newmont | NEM +9.24% $20.46 |
2. Primero | PPP +8.66% $2.51 |
3. Coeur | CDE +8.37% $2.85 |
LOSER
1. Endeavour Silver | EXK -3.31% $1.46 |
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: Friday, 4 December 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain About 3% on the Week
