-- Published: Tuesday, 22 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1212.00 | -$0.40 |
Silver | $16.66 | +$0.07 |
XAU | 81.98 | +1.10% |
HUI | 184.17 | -0.13% |
GDM | 598.17 | +0.27% |
JSE Gold | 1454.68 | -69.09 |
USD | 101.02 | +0.10 |
Euro | 106.29 | -0.07 |
Yen | 90.04 | -0.23 |
Oil | $48.03 | -$0.21 |
10-Year | 2.321% | -0.018 |
T-Bond | 153.34375 | +0.15625 |
Dow | 19023.87 | +0.35% |
Nasdaq | 5386.35 | +0.33% |
S&P | 2202.94 | +0.22% |
The Metals:
Gold gained $8.46 to $1220.86 in early Asian trade before it fell all of the way back to $1206.44 in late morning New York trade and then bounced back higher into midday, but it still ended with a loss of 0.03%. Silver rose to as high as $16.886 and ended with a gain of 0.42%.
Euro gold remained at about €1141, platinum gained $3 to $939, and copper climbed 3 cents to about $2.55.
Gold and silver equities fell about 2% in the first hour of trade, but they then chopped back higher for most of the rest of the day and ended with modest gains.
The Economy:
Report | For | Reading | Expected | Previous |
Existing Home Sales | Oct | 5.60M | 5.40M | 5.49M |
Fed Hike Is Certainty for Bond Traders as Market Odds Reach 100% Bloomberg
Tomorrow brings Durable Goods Orders, Initial Jobless Claims, the FHFA Housing Price Index, Michigan Sentiment, New Home Sales, and FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil edged lower on concerns about OPEC’s production deal.
The U.S. dollar index saw slight gains on better than expected housing data.
Treasuries remained higher after today’s $34 billion 5-year note auction sold at a high yield of 1.76%.
The Dow, Nasdaq, and S&P rose to new all-time highs on confidence that the economy is strong enough to withstand higher interest rates.
Among the big names making news in the market today were Microsoft, Tesla, and Barnes & Noble.
GATA Posts:
Avery Goodman: Understanding elections, gold, and the U.S. dollar via market manipulation
The Statistics:
As of close of business: 11/21/2016
Gold Warehouse Stocks: | 9,905,616.953 | -64.30 |
Silver Warehouse Stocks: | 177,194,785.170 | -993,301.46 |
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 | 908.765 | 29,217,698 | US$35,410m |
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$5,374m |
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$5,940m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$435m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.523 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 206.38: -1.34 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,891.89: No change from yesterday’s data.
The Miners:
Nevsun’s (NSU) drill results, Eldorado’s (EGO) completed sale, Eurasian’s (EMXX) property sale, and Avino’s (ASM) bought deal offering were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Nevsun | NSU +5.21% $3.23 |
2. Pan American | PAAS +4.73% $17.71 |
3. Fortuna | FSM +4.54% $6.45 |
LOSERS
1. Avino | ASM -22.65% $1.40 |
2. Alexco | AXU -3.31% $1.46 |
3. Gold Fields | GFI -2.80% $3.13 |
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: Tuesday, 22 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Climb Higher
