-- 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% |
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:
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
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-- Published: Wednesday, 16 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower With Oil
