Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
By: John Rubino

Gold's Interesting Day
By: Rick Ackerman

Asian Metals Market Update: November-20-2017
By: Chintan Karnani, Insignia Consultants

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Gold Market Update
By: Clive Maund

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

Global Silver Investment Demand Maybe Down, But Still Double Pre-2008 Market Crash Level
By: Steve St. Angelo

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
By: Chris Mullen, Gold-Seeker.com

 -- Published: Wednesday, 30 November 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1173.00

-$15.50

Silver

$16.50

-$0.12

XAU

79.88

-1.24%

HUI

178.08

-2.16%

GDM

578.80

-1.98%

JSE Gold

1421.53

+10.21

USD

101.51

+0.53

Euro

105.97

-0.56

Yen

87.44

-1.54

Oil

$49.44

+$4.21

10-Year

2.368%

+0.066

T-Bond

152.34375

-1.78125

Dow

19123.58

+0.01%

Nasdaq

5323.68

-1.05%

S&P

2198.81

-0.27%

 
 
http://goldseek.com/news/GoldSeeker/2016/11-30gsr/1.jpg

 

The Metals:

 

Gold fell $17.47 to $1171.03 in morning New York trade before it bounced back higher at times, but it still ended with a loss of 1.3%.  Silver slipped to as low as $16.424 and ended with a loss of 0.72%.

 

Euro gold fell to about €1107, platinum lost $10 to $907, and copper climbed a couple of cents to about $2.62.

 

Gold and silver equities dropped about 2% in the first 15 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ADP Employment

Nov

216K

160K

119K

Personal Income

Oct

0.6%

0.4%

0.4%

Personal Spending

Oct

0.3%

0.5%

0.7%

Core PCE Price Index

Oct

0.1%

0.1%

0.1%

Chicago PMI

Nov

57.6

52.0

50.6

Pending Home Sales

Oct

0.1%

0.7%

1.4%

 

Fed Says U.S. Economy Continued to Expand Across Most Regions  Bloomberg

Trump to tap ex-Goldman Sachs banker Steven Mnuchin as Treasury secretary MarketWatch

Trump to name Wilbur Ross as commerce secretary MarketWatch

 

Tomorrow brings Initial Jobless Claims, Construction Spending, and the ISM Index.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/11-30gsr/1.png

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

 

Oil jumped over 9% higher after OPEC was surprisingly able to come to a deal to cut production.

 

The U.S. dollar index rose and treasuries fell on better than expected economic data that further strengthened the case for higher interest rates.

 

The Dow, Nasdaq, and S&P traded mixed as strength in energy was offset by weakness in tech and utilities.

 

Among the big names making news in the market today were Netflix, American Eagle, FedEx, Philip Morris, and RBS.

 

GATA Posts:

 

 

The world is feeling the might of China's commodity traders

For treasury secretary Trump picks former Goldman Sachs partner

 

The Statistics:

As of close of business: 11/29/2016

Gold Warehouse Stocks:

10,002,912.629

+16,363.49

Silver Warehouse Stocks:

178,940,933.640

+86,016.71

 

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$33,511m

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$5,214m

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$5,762m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$421m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 202.84: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,766.50: No change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) exchange offers and Santacruz Silver’s (SCZ.V) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Freeport

FCX +2.54% $15.35

2.  Nevsun

NSU +2.22% $3.22

3.  McEwen

MUX +1.80% $2.83

 

LOSERS

1.  Richmont

RIC -6.57% $6.40

2.  Gold Fields

GFI -4.36% $3.07

3.  Newmont

NEM -3.31% $32.44

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2016

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

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.


| Digg This Article
 -- Published: Wednesday, 30 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.