-- Published: Wednesday, 9 December 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1072.70 | -$1.90 |
Silver | $14.15 | -$0.01 |
XAU | 47.20 | +1.57% |
HUI | 115.89 | +1.76% |
GDM | 393.36 | +1.44% |
JSE Gold | 961.49 | +24.10 |
USD | 97.39 | -1.01 |
Euro | 110.16 | +1.20 |
Yen | 82.31 | +0.95 |
Oil | $37.16 | -$0.35 |
10-Year | 2.208% | -0.030 |
T-Bond | 156.625 | +0.40625 |
Dow | 17492.30 | -0.43% |
Nasdaq | 5022.86 | -1.48% |
S&P | 2047.62 | -0.77% |
The Metals:
Gold gained $10.36 to $1084.96 at about 9AM EST before it fell back to $1069.70 in the next couple of hours of trade and then bounced back higher into early afternoon, but it still ended with a loss of 0.18%. Silver rose to as high as $14.353 and ended with a loss of 0.07%.
Euro gold fell to about €973, platinum gained $13 to $854, and copper climbed a couple of cents to about $2.07.
Gold and silver equities rose over 3% at the open before they fell back off in late morning trade, but they still ended with about 1.5% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Oct | -0.1% | 0.1% | 0.2% |
Weekly mortgage applications up 1.2% CNBC
Tomorrow brings Initial Jobless Claims, Import and Export Prices, and the Treasury Budget.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil turned lower after the Energy Information Administration reported that crude inventories fell 3.6 million barrels, gasoline inventories rose 800,000 barrels, and distillates rose 5 million barrels.
The U.S. dollar index fell markedly as the euro rose after “Ewald Nowotny, a member of the European Central Bank’s governing council, defended last week’s ECB decision to adopt a smaller expansion of its monetary stimulus than many investors had expected.”
Treasuries saw decent gains as the Dow, Nasdaq, and S&P dropped with oil on economic uncertainty.
Among the big names making news in the market today were Bed Bath, Nordstrom, Volkswagen, Dow chemical and DuPont, Pep Boys, Accor Wynn, and Yahoo.
GATA Posts:
Bron Suchecki: China accelerates gold reserves accumulation
Steve Forbes: The New York Times' leaden analysis of gold
Australian police raid Sydney home of reported bitcoin creator
Bank of Canada wants to be ready with negative rates just in case
The Statistics:
As of close of business: 12/8/2015
Gold Warehouse Stocks: | 6,315,561.584 | -1,221.70 |
Silver Warehouse Stocks: | 158,376,054.148 | -58,539.50 |
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 | 634.630 | 20,403,987 | US$22,054m |
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$4,764m |
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$5,267m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$385m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.42 | 945,717 | US$1,023m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 157.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,000.01: No change from yesterday’s data.
The Miners:
Freeport’s (FCX) additional actions in response to market conditions and Anglo American’s (AAL.L) asset sales, mine closures and job cuts were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +28.39% $1.31 |
2. Pretivm | PVG +6.49% $5.74 |
3. Richmont | RIC +4.13% $3.28 |
LOSERS
1. Royal Gold | RGLD -1.60% $36.87 |
2. IAMGOLD | IAG -1.35% $1.46 |
3. Franco-Nevada | FNV -1.27% $47.40 |
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: Wednesday, 9 December 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks and Dollar Fall
