-- Published: Friday, 25 November 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1181.40 | -$7.20 | -2.23% |
Silver | $16.48 | +$0.13 | -1.09% |
XAU | 79.13 | +0.26% | -0.23% |
HUI | 175.76 | +0.63% | -3.48% |
GDM | 570.89 | -0.41% | -2.50% |
JSE Gold | 1435.61 | +24.73 | -6.03% |
USD | 101.50 | -0.18 | +0.20% |
Euro | 106.01 | +0.51 | +0.07% |
Yen | 88.42 | -0.50 | -1.95% |
Oil | $46.43 | -$1.53 | +1.62% |
10-Year | 2.372% | +0.015 | +1.58% |
Bond | 152.84375 | +0.4375 | -0.20% |
Dow | 19152.14 | +0.36% | +1.51% |
Nasdaq | 5398.92 | +0.34% | +1.45% |
S&P | 2213.35 | +0.39% | +1.44% |
The Metals:
Gold dropped $17.16 to $1171.44 at the open of trade in Asia before it bounced back to $1193.03 by a little before 4AM EST, but it then drifted back lower in New York and ended with a loss of 0.61%. Silver slipped to $16.182 before it rallied to as high as $16.582 and then also fell back off, but it still ended with a gain of 0.8%.
Euro gold fell to about €1116, platinum lost $26 to $902, and copper climbed 5 cents to about $2.67.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
International Trade in Goods | Oct | -$62.0B | - | -$56.1B |
Wholesale Inventories | Oct | -0.4% | 0.2% | 0.1% |
All of this week’s other economic reports:
Next week’s economic highlights include GDP, the Case-Shiller 20-city Index, and Consumer Confidence on Tuesday, ADP Employment, Personal Income and Spending, Chicago PMI, Pending Home Sales, and the Fed's Beige Book on Wednesday, Initial Jobless Claims, Construction Spending, and the ISM Index on Thursday, and November’s jobs data on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 3% on uncertainty about what OPEC will do.
The U.S. dollar index dropped on profit taking.
Treasuries traded mixed as the Dow, Nasdaq, and S&P rose to new record highs on economic optimism.
Among the big names making news in the market Friday were Daimler, Actelion, Wal-Mart, Target, and Amazon.
GATA Posts:
John Crudele: Retail sales numbers are fake but the harm is real
John Hathaway: What does Trump's victory mean for gold?
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 | 891.567 | 28,664,771 | US$34,035m |
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$5,239m |
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$5,799m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$424m |
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 13.343 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.24: -0.54 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,796.00: No change from yesterday’s data.
The Miners:
WINNERS
1. Harmony | HMY +3.65% $2.27 |
2. AngloGold | AU +2.74% $10.88 |
3. Agnico-Eagle | AEM +2.61% $40.88 |
LOSERS
1. Gold Standard | GSV -4.87% $2.15 |
2. Alexco | AXU -3.68% $1.31 |
3. Almaden | AAU -2.78% $1.05 |
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, 25 November 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall About 2% and 1% on the Week
