-- Published: Wednesday, 23 November 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1188.60 | -$23.40 |
Silver | $16.35 | -$0.31 |
XAU | 78.92 | -3.73% |
HUI | 174.66 | -5.16% |
GDM | 573.21 | -4.15% |
JSE Gold | 1408.90 | -45.78 |
USD | 101.68 | +0.66 |
Euro | 105.52 | -0.76 |
Yen | 88.85 | -1.15 |
Oil | $47.96 | -$0.07 |
10-Year | 2.357% | +0.036 |
T-Bond | 152.90625 | -0.34375 |
Dow | 19083.18 | +0.31% |
Nasdaq | 5380.68 | -0.11% |
S&P | 2204.72 | +0.08% |
The Metals:
Gold fell $29.82 to $1182.18 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 1.93%. Silver slipped to as low as $16.18 and ended with a loss of 1.86%.
Euro gold fell to about €1126, platinum lost $11 to $928, and copper climbed 7 cents to about $2.62.
Gold and silver equities dropped as much as 6% by midmorning before they chopped back higher at times, but they still ended about 4% lower on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 11/19 | 251K | 243K | 233K |
Durable Orders | Oct | 4.8% | 1.1% | 0.4% |
Durable Orders, Ex- Trans. | Oct | 1.0% | 0.3% | 0.2% |
FHFA Housing Price Index | Sep | 0.6% | - | 0.7% |
Michigan Sentiment | Nov | 93.8 | 91.6 | 91.6 |
New Home Sales | Oct | 563K | 587K | 574K |
Fed policymakers confident of need for rate hikes on eve of Trump win Reuters
Most on Fed Saw Rate Hike Relatively Soon With Less Labor Slack Bloomberg
Markets are closed tomorrow in observance of Thanksgiving. Friday brings International Trade in Goods and Wholesale Inventories.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade after the Energy Information Administration reported that crude inventories fell 1.3 million barrels, gasoline inventories rose 2.3 million barrels, and distillates rose 300,000 barrels.
The U.S. dollar index rose and treasuries fell on mostly better than expected economic data that increased expectations for more interest rate hikes next year.
The Dow, Nasdaq, and S&P traded mixed on offsetting company news.
Among the big names making news in the market today were Deere, Airbus, Eli Lilly, T-Mobile, and Facebook.
GATA Posts:
Paper gold is the elephant in the room
Devalue yuan before Trump takes over, Chinese government adviser says
The Statistics:
As of close of business: 11/22/2016
Gold Warehouse Stocks: | 9,902,498.403 | -3,118.55 |
Silver Warehouse Stocks: | 178,332,706.360 | +1,137,921.19 |
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 | 904.910 | 29,093,764 | US$34,477m |
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$5,284m |
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$5,835m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$426m |
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 3.855 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.78: -0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,796.00: -95.89 change from yesterday’s data.
The Miners:
Freeport’s (FCX) completed offering and Santacruz Silver’s (SCZ.V) equipment commissioning were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +7.21% $16.21 |
2. Turquoise | TRQ +2.31% $3.54 |
3. Great Panther | GPL +1.45% $1.40 |
LOSERS
1. Coeur | CDE -8.50% $9.47 |
2. First Majestic | AG -8.28% $8.20 |
3. Harmony | HMY -7.98% $2.19 |
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, 23 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Almost 2%
