-- Published: Friday, 11 December 2015 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1078.20 | +$6.50 | -0.65% |
Silver | $13.95 | -$0.16 | -4.12% |
XAU | 47.40 | +0.08% | -4.51% |
HUI | 116.49 | +0.44% | -3.29% |
GDM | 395.14 | +0.54% | -2.47% |
JSE Gold | 1127.60 | +71.72 | +24.58% |
USD | 97.53 | -0.38 | -0.83% |
Euro | 109.86 | +0.42 | +1.03% |
Yen | 82.72 | +0.48 | +1.86% |
Oil | $35.62 | -$1.14 | -10.88% |
10-Year | 2.139% | -0.100 | -5.98% |
Bond | 158.625 | +2.15625 | +2.28% |
Dow | 17265.21 | -1.76% | -3.26% |
Nasdaq | 4933.46 | -2.21% | -4.06% |
S&P | 2012.37 | -1.94% | -3.79% |
The Metals:
Gold edged up to $1072.05 in Asia before it dropped back to $1062.52 in London, but it then rose to as high as $1079.45 in New York and ended with a gain of 0.61%. Silver slipped to as low as $13.806 and ended with a loss of 1.13%.
Euro gold rose to about €980, platinum lost $11 to 841, and copper climbed 4 cents to about $2.12.
Gold and silver equities traded mostly higher and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
PPI | Nov | 0.3% | -0.1% | -0.4% |
Core PPI | Nov | 0.3% | 0.1% | -0.3% |
Retail Sales | Nov | 0.2% | 0.3% | 0.1% |
Retail Sales ex-auto | Nov | 0.4% | 0.3% | 0.1% |
Business Inventories | Oct | 0.0% | 0.1% | 0.1% |
Michigan Sentiment | Dec | 91.8 | 91.6 | 91.3 |
All of this week’s other economic reports:
Next week’s economic highlights include CPI, Empire Manufacturing, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Tuesday, Building Permits, Housing Starts, Capacity Utilization, Industrial Production, and a FOMC Rate Decision on Wednesday, and Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and Leading Economic Indicators on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell another 3% “after the International Energy Agency (IEA) warned that global oversupply could worsen next year.”
The U.S. dollar index fell on concerns that oil’s continued weakness may influence interest rate policy.
Treasuries saw substantial gains as the Dow, Nasdaq, and S&P fell about 2% on oil volatility and interest rate uncertainty.
Among the big names making news in the market Friday were Alibaba, Fosun Pharma, MetLife, Third Avenue, DuPont and Dow Chemical, and Saks.
GATA Posts:
Zero Hedge: China's devaluation plan is warning to Fed against raising rates
China signals aim to loosen yuan's peg to dollar and use currency basket instead
Austria repatriates 15 tonnes of gold from London
The Statistics:
Activity from: 12/10/2015
Gold Warehouse Stocks: | 6,329,225.334 | +13,663.75 |
Silver Warehouse Stocks: | 159,074,900.513 | +622,045.86 |
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$21,880m |
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$4,779m |
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$5,280m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$387m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.41 | 945,697 | US$1,016m |
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:
Nevsun’s (NSU) dividend, IAMGOD’s (AIG) board appointment, and Lake Shore’s (LSG) normal course issuer bid were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Kinross | KGC +3.59% $2.02 |
2. DRDGOLD | DRD+3.42% $1.51 |
3. Gold Fields | GFI +3.40% $2.74 |
LOSERS
1. Freeport | FCX -6.25% $6.90 |
2. Paramount | PZG -5.47% $1.21 |
3. Fortuna | FSM -3.16% $2.45 |
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, 11 December 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week
