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Gold Seeker Closing Report: Gold and Silver End Near Unchanged While Stocks and Dollar Fall
By: Chris Mullen, Gold-Seeker.com

 -- 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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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: Wednesday, 9 December 2015 | E-Mail  | Print  | Source: GoldSeek.com

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