-- Published: Wednesday, 16 December 2015 | Print | Disqus
| Close | Gain/Loss |
Gold | $1073.30 | +$12.40 |
Silver | $14.15 | +$0.40 |
XAU | 46.69 | +4.50% |
HUI | 114.18 | +4.57% |
GDM | 389.97 | +3.71% |
JSE Gold | 1019.60 | -11.76 |
USD | 98.35 | +0.16 |
Euro | 109.06 | -0.25 |
Yen | 81.82 | -0.37 |
Oil | $35.52 | -$1.83 |
10-Year | 2.287% | +0.019 |
T-Bond | 155.90625 | -0.1875 |
Dow | 17749.09 | +1.28% |
Nasdaq | 5071.13 | +1.52% |
S&P | 2073.07 | +1.45% |
The Metals:
Gold climbed $16.67 to $1077.57 just ahead of today’s fed statement before it dove down to $1062.74 just after the statement and then climbed to a new session high of $1077.87 in the next hour of trade before it drifted back lower again into the close, but it still ended with a gain of 1.17%. Silver rose to as high as $14.311 and ended with a gain of 2.91%.
Euro gold rose to about €983, platinum gained $16.50 to $869.50, and coper climbed a couple of cents to about $2.08.
Gold and silver equities traded roughly 2% higher for most of the morning, but they then climbed to see about 4% gains after the fed statement and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Nov | 1173K | 1135K | 1062K |
Building Permits | Nov | 1289K | 1150K | 1161K |
Industrial Production | Nov | -0.6% | -0.1% | -0.4% |
Capacity Utilization | Nov | 77.0% | 77.5% | 77.5% |
Fed raises interest rates, cites ongoing U.S. economic recovery Reuters
Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases Bloomberg
Text of Federal Reserve's decision on interest-rate hike MarketWatch
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, the Current Account Balance, and Leading Economic Indicators.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 5% after the Energy Information Administration reported that crude inventories rose 4.8 million barrels, gasoline inventories rose 1.7 million barrels, and distillates rose 2.6 million barrels.
The U.S. dollar index ended higher in mixed trade on the fed’s outlook for a “gradual” pace for any future rate increases.
Treasuries ended slightly lower as the Dow, Nasdaq, and S&P rose over 1% after the fed’s “dovish hike.”
Among the big names making news in the market today were Valeant, Canadian Pacific, and Google.
GATA Posts:
Koos Jansen interviews Willem Middelkoop about dollar imperialism
The Statistics:
As of close of business: 12/15/2015
Gold Warehouse Stocks: | 6,297,075.334 | -32,150.00 |
Silver Warehouse Stocks: | 158,905,670.238 | -8,510.15 |
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$21,935m |
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$4,778m |
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$5,278m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$385m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 29.18 | 938,004 | US$997m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 155.87: -0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,062.27: No change from yesterday’s data.
The Miners:
WINNERS
1. Hecla | HL +8.85% $2.09 |
2. Primero | PPP +8.11% $2.40 |
3. Gold Fields | GFI +8.08% $2.81 |
LOSERS
1. MAG Silver | MVG -0.15% $6.50 |
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, 16 December 2015 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain About 1% and 3%
