-- Published: Friday, 18 November 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1208.30 | -$10.10 | -1.58% |
Silver | $16.58 | -$0.12 | -4.44% |
XAU | 79.31 | -0.67% | +1.61% |
HUI | 182.10 | -0.63% | +1.06% |
GDM | 585.53 | -1.47% | -0.62% |
JSE Gold | 1527.68 | -57.27 | -4.75% |
USD | 101.30 | +0.37 | +2.26% |
Euro | 105.94 | -0.31 | -2.27% |
Yen | 90.18 | -0.60 | -3.72% |
Oil | $45.69 | +$0.27 | +5.25% |
10-Year | 2.335% | +0.059 | +10.3% |
Bond | 153.15625 | -0.625 | -1.31% |
Dow | 18867.93 | -0.19% | +0.11% |
Nasdaq | 5321.51 | -0.23% | +1.61% |
S&P | 2181.90 | -0.24% | +0.81% |
The Metals:
Gold fell $14.50 to $1203.90 in Asia before it bounced back to $1215.82 in London, but it then drifted back lower in New York and ended with a loss of 0.83%. Silver slipped to as low as $16.44 and ended with a loss of 0.72%.
Euro gold fell to about €1141, platinum lost $12.50 to $918, and copper fell a couple of cents to about $2.47.
Gold and silver equities fell about 2% in the first hour before they bounced back higher in late trade, but they still ended about 1% lower on the day.
The Economy:
All of this week’s economic reports:
NAHB Housing Market Index - November | 63 v. 63 |
Next week’s economic highlights include Existing Home Sales on Tuesday, and Durable Goods Orders, Initial Jobless Claims, the FHFA Housing Price Index, Michigan Sentiment, New Home Sales, and FOMC Minutes on Wednesday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher in late trade “after OPEC member Algeria said the group’s meeting with Russia gave it confidence a deal can be reached to re-balance global markets.”
The U.S. dollar index continued higher and treasuries fell again “amid speculation Donald Trump’s reflationary economic policies will trigger faster monetary tightening.”
The Dow, Nasdaq, and S&P traded mostly lower on concern over which of Trump’s policies will actually be implemented.
Among the big names making news in the market Friday were Volkswagen, FanDuel and DraftKings, and Tesla.
GATA Posts:
Newmont gold mine opens in Suriname, seen boosting struggling economy
India's income tax men may come calling on gold buyers
The Statistics:
Activity from: 11/17/2016
Gold Warehouse Stocks: | 9,865,051.603 | -42,857.108 |
Silver Warehouse Stocks: | 178,248,893.690 | +288,038.289 |
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 | 920.626 | 29,599,042 | US$35,837m |
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$5,371m |
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$5,932m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$433m |
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 5.634 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.92: -1.20 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 11,080.73: No change from yesterday’s data.
The Miners:
Eldorado’s (EGO) permit in Greece, Randgold’s (GOLD) joint venture with Newcrest (NCM.AX) in Côte d'Ivoire, and Gold Fields’ (GFI) withdrawn offer for Kirkland (KLG.TO) were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Northern Dynasty | NAK +11.48% $1.36 |
2. Gold Standard | GSV +8.77% $2.48 |
3. Paramount | PZG +5.45% $1.74 |
LOSERS
1. Almaden | AAU -5.31% $1.07 |
2. Kinross | KGC -4.78% $3.39 |
3. McEwen | MUX -3.18% $2.74 |
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, 18 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% and 4% on the Week
