-- Published: Thursday, 10 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1256.80 | -$17.70 |
Silver | $18.52 | +$0.12 |
XAU | 83.82 | -6.69% |
HUI | 195.94 | -7.79% |
GDM | 637.30 | -7.65% |
JSE Gold | 1725.67 | -49.89 |
USD | 98.86 | +0.22 |
Euro | 108.86 | -0.31 |
Yen | 93.54 | -1.03 |
Oil | $44.66 | -$0.61 |
10-Year | 2.117% | +0.045 |
T-Bond | 155.875 | -1.09375 |
Dow | 18807.88 | +1.17% |
Nasdaq | 5208.80 | -0.81% |
S&P | 2167.48 | +0.20% |
The Metals:
Gold gained $17.19 to $1291.69 in Asia, but it then fell back off in London and New York and ended with a loss of 1.39%. Silver rose to as high as $18.963 before it dropped back to $18.418 in midmorning New York trade, but it then bounced back higher into midday and ended with a gain of 0.65%.
Euro gold fell to about €1155, platinum lost $25 to $972, and copper climbed another 8 cents to about $2.54.
Gold and silver equities fell about 5% in the first 10 minutes of trade and remained near that level for most of the day, but they then extended even lower in the last two hours of trade and ended with about 7% losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/05 | 254K | 262K | 265K |
Treasury Budget | Oct | -$44.2B | - | -$136.6B |
Tomorrow brings Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 1% on oversupply concerns while the U.S. dollar index rose and treasuries fell again on the outlook for rising inflation and interest rates. Today’s $15 billion 30-year note auction sold at a yield of 2.902% with a bid to cover of just 2.11.
The Dow, Nasdaq, and S&P traded mixed on positioning for Trump’s future policies.
Among the big names making news in the market today were Wells Fargo, Alibaba, Adobe, MetLife, SodaStream, and Macy’s.
GATA Posts:
India's bank note ban to disrupt gold-smuggling business
The Statistics:
As of close of business: 11/9/2016
Gold Warehouse Stocks: | 10,514,769.152 | +324.42 |
Silver Warehouse Stocks: | 175,942,101.640 | +3,429,931.505 |
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 | 955.026 | 30,705,031 | US$38,914m |
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$5,608m |
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$6,202m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$451m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 38.56 | 1,239,670 | US$1,656m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 5.338 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 227.99: -3.00 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,178.11: +29.51 change from yesterday’s data.
The Miners:
Newmont’s (NEM) debt tender offer, Richmont’s (RIC) third quarter results, Alamos Gold’s (AGI) third quarter results, and Santacruz Silver’s (SCZ.V) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +5.59% $13.80 |
2. Nevsun | NSU +3.39% $3.05 |
3. Turquoise Hill | TRQ +1.83% $3.34 |
LOSERS
1. Silver Wheaton | SLW-16.9% $20.01 |
2. Richmont | RIC -16.86% $7.15 |
3. Hecla | HL -12.43% $6.34 |
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: Thursday, 10 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Falls While Silver Climbs With Copper
