-- Published: Wednesday, 9 November 2016 | Print | Disqus
Gold gained $61.61 to $1337.21 in Asia before it fell all the way back to $1270.05 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 0.1%. Silver rose to as high as $18.996 before it also fell back off, but it still ended with a gain of 0.35%.
Euro gold rose to about €1168, platinum lost $3 to $997, and copper climbed another 8 cents to about $2.46.
Gold and silver equities climbed roughly 6% at the open before they chopped back lower for most of the rest of the day, but they still ended roughly 3% higher on the day.
Trump can quickly put his stamp on the Federal Reserve MarketWatch
Mortgage applications down 1.2% as rates continue to rise CNBC
Tomorrow brings Initial Jobless Claims and the Treasury Budget.
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher after The Energy Information Administration reported that crude inventories rose 2.4 million barrels, gasoline inventories fell 2.8 million barrels, and distillates fell 1.9 million barrels.
The U.S. dollar index eventually rose and treasuries fell markedly as the Dow, Nasdaq, and S&P ended with over 1% gains “amid speculation Donald Trump and a Republican-controlled Congress will pursue business-friendly policies.”
“U.S. stocks rallied on Wednesday in a dramatic turnaround from overnight losses fueled by the upset victory of Republican Donald Trump as investors poured into sectors that appeared poised to benefit from the policies of a Trump presidency.”
Among the big names making news in the market today were GoPro, Time Warner, and Viacom.
Canadian mint employee guilty of smuggling $138,000 of gold in rectum
What will Trump's election mean for the monetary metals?
Indian currency revocation seen pushing many into gold
As of close of business: 11/8/2016
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 230.99: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,148.60: No change from yesterday’s data.
SEMAFO’s (SMF.TO) third quarter results, Primero’s (PPP) third quarter results, and First Majestic’s (AG) third quarter results were among the big stories in the gold and silver mining industry making headlines today.
1. First Majestic
AG +15.23% $9.38
2. Silver Standard
SSRI +9.61% $12.09
FCX +8.11% $13.07
ASM -8.00% $2.30
2. Vista Gold
VGZ -1.83% $1.07
AAU -1.06% $1.31
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 November 2016 | E-Mail | Print | Source: GoldSeek.com