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Gold Seeker Closing Report: Gold and Silver Gain About 1% While Stocks and Dollar Fall
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 28 November 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1193.40

+$12.00

Silver

$16.62

+$0.14

XAU

81.69

+3.24%

HUI

183.91

+4.63%

GDM

593.66

+4.00%

JSE Gold

1424.24

-11.37

USD

101.25

-0.25

Euro

106.08

+0.09

Yen

89.19

+0.65

Oil

$47.08

+$1.02

10-Year

2.320%

-0.052

T-Bond

153.71875

+0.90625

Dow

19097.90

-0.28%

Nasdaq

5368.81

-0.56%

S&P

2201.72

-0.53%

 
 
http://goldseek.com/news/GoldSeeker/2016/11-28gsr/1.jpg

 

The Metals:

 

Gold gained $16.15 to $1197.55 in Asia before it fell back to $1183.24 by a little after 9:30AM EST, but it then rallied back higher into the close and ended with a gain of 1.02%.  Silver rose to as high as $16.856 and ended with a gain of 0.85%.

 

Euro gold rose to about €1125, platinum gained $20 to $922, and copper fell slightly to about $2.66.

 

Gold and silver equities rose throughout most of the day and ended with about 4% gains.

 

The Economy:

 

OECD Lifts Global Growth Forecasts on Expected Trump Stimulus Bloomberg

Will Trump doom his economic agenda by strong-arming the Fed? MarketWatch

Black Friday Shoppers Curb Spending as They Chase Discounts Bloomberg

 

Tomorrow brings GDP, the Case-Shiller 20-city Index, and Consumer Confidence.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/11-28gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil rose over 2% on continued talks over a possible OPEC production deal.

 

The U.S. dollar index traded mostly lower and treasuries rose as the Dow, Nasdaq, and S&P dropped on waning confidence over what a Trump administration will bring.

 

Among the big names making news in the market today were Time, Uber, Biogen, and Samsung.

 

GATA Posts:

 

 

GATA urgently needs help to keep fighting

GATA Chairman Murphy interviewed by Wealth Research Group

Will India try restricting gold ownership? Anonymous sources are contradictory

Gold not safe enough in India so hoarders opt for silver bars

 

The Statistics:

As of close of business: 11/25/2016

Gold Warehouse Stocks:

10,031,530.833

+96,450.00

Silver Warehouse Stocks:

178,840,231.750

-

 

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

885.044

28,455,045

US$33,765m

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$5,288m

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$5,846m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$427m

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: 203.29: -1.95 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,766.50: -29.50 change from yesterday’s data.

 

The Miners:

 

Newmont’s (NEM) settled debt tender offer, Vista Gold’s (VGZ) optimization studies, Gold Resource’s (GORO) dividend, and Avino’s (ASM) closed bought deal offering were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Harmony

HMY +8.37% $2.46

2.  Gold Fields

GFI+7.14% $3.30

3.  Endeavour Silver

EXK +7.12% $3.91

 

LOSERS

1.  Northern Dynasty

NAK -2.38% $1.23

2.  Freeport

FCX -1.38% $15.78

3.  Turquoise

TRQ -1.11% $3.57

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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 -- Published: Monday, 28 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

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