-- Published: Friday, 11 November 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1227.70 | -$29.10 | -5.87% |
Silver | $17.35 | -$1.17 | -5.66% |
XAU | 78.05 | -6.89% | -12.41% |
HUI | 180.19 | -8.04% | -17.11% |
GDM | 589.18 | -7.48% | -7.48% |
JSE Gold | 1603.82 | -121.85 | -11.57% |
USD | 99.06 | +0.20 | +2.19% |
Euro | 108.48 | -0.39 | -2.66% |
Yen | 93.66 | +0.02 | -3.49% |
Oil | $43.41 | -$1.25 | -1.50% |
10-Year | 2.117% | UNCH | +18.73% |
Bond | 155.1875 | -1.03125 | -5.14% |
Dow | 18847.66 | +0.21% | +5.36% |
Nasdaq | 5237.11 | +0.52% | +3.78% |
S&P | 2164.45 | -0.14% | +3.80% |
The Metals:
Gold gained $7.95 to $1264.75 in Asia before it fell back to $1221.12 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 2.32%. Silver slipped to as low as $17.199 and ended with a loss of 6.32%.
Euro gold fell to about €1132, platinum lost $35 to $937, and copper fell 3 cents to about $2.51.
Gold and silver equities fell about 7% by late morning and remained near that level for the rest of trade.
The Economy:
Report | For | Reading | Expected | Previous |
Michigan Sentiment | Nov | 91.6 | 87.9 | 87.2 |
In wake of Trump win, focus may drift back to Fed and inflation Reuters
Fischer: Case for Fed interest-rate hikes ‘quite strong’ MarketWatch
All of this week’s other economic reports:
Next week’s economic highlights include Retail Sales, Import and Export Prices, Empire Manufacturing, and Business Inventories on Tuesday, PPI, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Wednesday, and Initial Jobless Claims, Housing Starts, Building Permits, CPI, and the Philadelphia Fed on Thursday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped almost 3% on rising OPEC output.
The U.S. dollar index rose again on the outlook for rising inflation and interest rates.
The bond market was closed for Veterans Day.
The Dow, Nasdaq, and S&P held near unchanged and closed mixed on uncertainty about what exactly a Trump presidency will look like.
Among the big names making news in the market Friday were LifeLock, Audi, and J.C. Penney.
GATA Posts:
Gold Fields, Silver Standard offer C$1.4 billion for miner Kirkland Lake, Reuters says
Chinese soon will be able to buy North American mining shares, Neumeyer tells KWN
TF Metals Report reflects on six years following the monetary metals
Trump believed considering former Goldman exec for Treasury secretary
Meet the new boss -- same as the old boss
Late-night buying parked huge amounts of rupees in gold
The Statistics:
Activity from: 11/10/2016
Gold Warehouse Stocks: | 10,511,554.152 | -3,215.00 |
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 | 941.681 | 30,275,971 | US$37,430m |
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$5,471m |
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$6,051m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
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 subtracted 13.345 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 224.98: -3.01 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,136.79: -41.32 change from yesterday’s data.
The Miners:
Solitario’s (XPL) director resignation, Newmont’s (NEM) first gold pour from Long Canton, and Kirkland Lake’s (KLG.TO) possible offers were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Freeport | FCX +1.01% $13.94 |
2. Nevsun | NSU +0.98% $3.08 |
3. Turquoise | TRQ +0.90% $3.37 |
LOSERS
1. DRDGOLD | DRD -14.94% $3.93 |
2. Gold Resource | GORO -14.23% $4.28 |
3. Fortuna | FSM -14.20% $5.92 |
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 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 6% on the Week
