-- Published: Friday, 2 December 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1175.70 | +$5.00 | -0.48% |
Silver | $16.68 | +$0.18 | +1.71% |
XAU | 82.30 | +3.77% | +4.01% |
HUI | 183.39 | +3.46% | +4.34% |
GDM | 592.96 | +3.32% | +3.87% |
JSE Gold | 1427.49 | +52.86 | -0.57% |
USD | 100.69 | -0.23 | -0.80% |
Euro | 106.63 | +0.01 | +0.58% |
Yen | 88.06 | +0.39 | -0.41% |
Oil | $51.68 | +$0.62 | +11.31% |
10-Year | 2.390% | -0.051 | +0.76% |
Bond | 151.71875 | +0.84375 | -0.74% |
Dow | 19170.42 | -0.11% | +0.10% |
Nasdaq | 5255.65 | +0.09% | -2.65% |
S&P | 2191.95 | +0.04% | -0.97% |
The Metals:
Gold gained $7.20 to $1177.90 in Asia before it dropped back to $1166.88 after this morning’s jobs report was released, but it then jumped back up to $1177.76 by midmorning and ended with a gain of 0.43%. Silver rose to as high as $16.802 and ended with a gain of 1.09%.
Euro gold rose to about €1102, platinum gained $15 to $927, and copper remained at about $2.62.
Gold and silver equities rose over 3% by midmorning and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Nonfarm Payrolls | Nov | 178K | 180K | 142K |
Hourly Earnings | Nov | -0.1% | 0.2% | 0.4% |
Unemployment Rate | Nov | 4.6% | 4.9% | 4.9% |
Average Workweek | Nov | 34.4 | 34.4 | 34.4 |
The BLS net birth/death adjustment added 2,000 payrolls to November’s data. Private Payrolls rose 156,000.
All of this week’s other economic reports:
Next week’s economic highlights include ISM Services on Monday, Productivity, the Trade Balance, and Factory Orders on Tuesday, Consumer Credit on Wednesday, Initial Jobless Claims on Thursday, and Michigan Sentiment and Wholesale Inventories on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose over 1% more in continued reaction to OPEC’s agreement to cut production.
The U.S. dollar index fell and treasuries rose on this morning’s mixed jobs report that kept the Dow, Nasdaq, and S&P near unchanged.
Among the big names making news in the market Friday were Snapchat, Citigroup, Starbucks, and Pandora.
GATA Posts:
Court allows IRS to seek user info from blockchain firm Coinbase
No limit on holding gold if it matches income declaration, Indian govt. says
Lawrie Williams: Major gold price divergence between Shanghai and London
The Statistics:
Activity from: 12/1/2016
Gold Warehouse Stocks: | 9,742,020.379 | -260,892.25 |
Silver Warehouse Stocks: | 177,752,414.980 | -863,917.25 |
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 | 870.220 | 27,978,430 | US$32,820m |
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$5,223m |
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$5,771m |
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: Change in Total Tonnes from yesterday’s data: SPDR subtracted 13.638 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 200.68: -1.71 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,766.50: No change from yesterday’s data.
The Miners:
Gold Reserve’s (GRZ.V) settlement agreement, Turquoise Hill’s (TRQ) suspended concentrate shipments, and Barrick’s (ABX) cash tender offer were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Northern Dynasty | NAK +21.85% $1.45 |
2. First Majestic | AG +10.46% $9.82 |
3. Paramount | PZG +9.48% $1.72 |
LOSER
1. DRDGOLD | DRD -4.44% $4.52 |
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, 2 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Dips But Silver And Miners Gain on the Week
