LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Edge Lower With Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 16 November 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1224.90

-$3.10

Silver

$16.95

-$0.12

XAU

81.50

-1.09%

HUI

187.80

-1.55%

GDM

607.66

-0.50%

JSE Gold

1551.56

-19.22

USD

100.41

+0.26

Euro

106.82

-0.40

Yen

91.65

+0.04

Oil

$45.57

-$0.24

10-Year

2.223%

-0.015

T-Bond

155.1875

+0.90625

Dow

18868.14

-0.29%

Nasdaq

5294.58

+0.36%

S&P

2176.94

-0.16%

 
 
http://goldseek.com/news/GoldSeeker/2016/11-16gsr/1.jpg

 

The Metals:

 

Gold edged up to $1232.77 in Asia before it fell back to $1221.67 in London and then chopped back higher at times, but it still ended with a loss of 0.25%.  Silver slipped to as low as $16.871 and ended with a loss of 0.7%.

 

Euro gold rose to about €1147, platinum gained $6 to $941, and copper fell 4 cents to about $2.47.

 

Gold and silver equities fell as much as 3% by late morning before they bounced back higher in afternoon trade, but they still ended with about 1% losses on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

PPI

Oct

0.0%

0.3%

0.3%

Core PPI

Oct

-0.2%

0.2%

0.2%

Industrial Production

Oct

0.0%

0.2%

-0.2%

Capacity Utilization

Oct

75.3%

75.5%

75.4%

NAHB Housing Market Index

Nov

63

64

63

Net Long-Term TIC Flows

Sep

-$26.2B

-

$45.5B

 

U.S. mortgage activity falls to lowest level since January: MBA  Reuters

 

Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, CPI, and the Philadelphia Fed.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/11-16gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil ultimately edged lower after the Energy Information Administration reported that crude inventories rose 5.3 million barrels, gasoline inventories rose 700,000 barrels, and distillates rose 300,000 barrels.

 

The U.S. dollar index continued higher on thoughts that Trump’s presidency will results in a more hawkish fed.

 

Treasuries rose on lackluster economic data while the Dow, Nasdaq, and S&P traded mixed on uncertainty about Trump’s other policies.

 

Among the big names making news in the market today were Koch Industries, Target, and Lowe’s.

 

GATA Posts:

 

 

Trump's deficits will wreck dollar without a gold standard, Turk tells KWN

 

The Statistics:

As of close of business: 11/15/2016

Gold Warehouse Stocks:

9,945,684.961

-319,375.096

Silver Warehouse Stocks:

177,082,847.981

-86,868.04

 

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

927.446

29,818,322

US$36,646m

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$5,447m

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$6,026m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$440m

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 1.483 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 211.02: -1.65 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 11,080.73: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Northern Dynasty

NAK +6.45% $1.32

2.  Eurasian

EMXX +4.07% $1.02

3.  DRDGOLD

DRD +2.78% $4.43

 

LOSERS

1.  Gold Fields

GFI -6.72% $3.33

2.  McEwen

MUX -6.35% $2.95

3.  Harmony

HMY -5.76% $2.62

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: Wednesday, 16 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.