-- Published: Monday, 14 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1218.20 | -$9.50 |
Silver | $16.85 | -$0.50 |
XAU | 78.83 | +1.00% |
HUI | 182.57 | +1.32% |
GDM | 586.45 | -0.46% |
JSE Gold | 1515.40 | -88.42 |
USD | 100.03 | +0.97 |
Euro | 107.33 | -1.24 |
Yen | 92.24 | -1.50 |
Oil | $43.32 | -$0.09 |
10-Year | 2.222% | +0.105 |
T-Bond | 153.875 | -1.28125 |
Dow | 18868.69 | +0.11% |
Nasdaq | 5218.40 | -0.36% |
S&P | 2164.20 | -0.01% |
The Metals:
Gold traded mixed in Asia before it fell to see a $16.15 loss at $1211.55 in midmorning New York trade and then rallied back higher into midday, but it still ended with a loss of 0.77%. Silver slipped to as low as $16.679 before it also bounced back higher, but it still ended with a loss of 2.97%.
Euro gold rose to about €1135, platinum lost $12 to $925, and copper remained at about $2.51.
Gold and silver equities fell over 3% in the first 45 minutes of trade before they rose to see roughly 3% gains by early afternoon and then drifted back lower into the close, but they still ended mostly higher on the day.
The Economy:
There were no major economic reports today. Tomorrow brings Retail Sales, Import and Export Prices, Empire Manufacturing, and Business Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early losses but still ended lower on doubts over OPEC’s ability to come to a production deal.
The U.S. dollar index rose and treasuries fell once more on the outlook for rising inflation and interest rates.
The Dow, Nasdaq, and S&P traded mixed as continued strength in the financial sector was offset by more weakness in tech.
Among the big names making news in the market today were Rio, Novartis, Siemens, American Apparel, and Samsung.
GATA Posts:
Surprise! India has some troubles as 86% of its paper money is withdrawn
Avery Goodman: India delegitimizes rupee, boosts gold demand
Dimon approach signals Trump is eager to reconnect Washington and Wall Street
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 | 934.563 | 30,047,142 | US$36,459m |
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$5,409m |
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$5,981m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$437m |
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 7.118 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 218.78: -6.20 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,095.48: -41.31 change from yesterday’s data.
The Miners:
AngloGold’s (AU) third quarter results, Kirkland’s (KLG.TO) merger activity, SilverCrest’s (SIL.V) discovery, and Silver Bull’s (SVBL) drill program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. McEwen | MUX +7.12% $2.86 |
2. Pretivm | PVG +6.20% $8.56 |
3. Harmony | HMY +5.91% $2.69 |
LOSERS
1. Gold Standard | GSV -8.37% $1.97 |
2. Buenaventura | BVN-4.66% $11.46 |
3. Franco-Nevada | FNV -2.38% $55.86 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today’s Gold Seeker Report can be found:
© Gold Seeker 2016
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
| Digg This Article
-- Published: Monday, 14 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall As Dollar Tops 100
