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Gold Seeker Closing Report: Gold and Silver End Mixed While Stocks Climb Higher
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/11-22gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2016/11-22gsr/1.png

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2016

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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.


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 -- Published: Tuesday, 22 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

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