-- Published: Monday, 5 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1170.10 | -$5.60 |
Silver | $16.74 | +$0.06 |
XAU | 82.79 | +0.59% |
HUI | 182.78 | -0.33% |
GDM | 591.78 | -0.18% |
JSE Gold | 1363.86 | -63.63 |
USD | 100.13 | -0.56 |
Euro | 107.65 | +1.00 |
Yen | 87.91 | -0.20 |
Oil | $51.79 | +$0.11 |
10-Year | 2.387% | -0.003 |
T-Bond | 151.84375 | -0.03125 |
Dow | 19216.24 | +0.24% |
Nasdaq | 5308.89 | +1.01% |
S&P | 2204.71 | +0.58% |
The Metals:
Gold jumped $12.34 to $1188.04 at the open of trade last night before it chopped down to see a loss of $18.23 at $1157.47 by midmorning in New York and then bounced back to $1175.85 in early afternoon trade, but it then drifted back lower into the close and ended with a loss of 0.48%. Silver dipped to $16.501 before it rose to as high as $16.861 and then also fell back off, but it still ended with a gain of 0.36%.
Euro gold fell to about €1087, platinum gained $7 to $934, and copper climbed 7 cents to about $2.69.
Gold and silver equities fell about 3% in the first 45 minutes of trade before they rose to see slight gains in early afternoon trade, but they then edged back lower into the close and ended mixed.
The Economy:
Report | For | Reading | Expected | Previous |
ISM Services | Nov | 57.2 | 55.6 | 54.8 |
Tomorrow brings Productivity, the Trade Balance, and Factory Orders.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly higher on continued confidence about OPEC’s production deal.
The U.S. dollar index fell as the euro erased overnight losses and ended with notable gains “after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform was seen by traders as largely expected and recent euro weakness was seen as having run too far.”
Treasuries held near unchanged while the Dow, Nasdaq, and S&P rose on relative calm after Italy’s vote.
Among the big names making news in the market today were Liberty Mutual, Johnson Controls, Chesapeake Energy, and Under Armour.
GATA Posts:
Who needs real metal if paper will do?
Now Muslims can help bullion banks undermine gold investments with GLD
There are no markets anymore and capitalism is dead, Sinclair tells USA Watchdog
The Statistics:
As of close of business: 12/2/2016
Gold Warehouse Stocks: | 9,735,590.379 | -6,430.00 |
Silver Warehouse Stocks: | 177,750,415.160 | -1,999.82 |
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$32,503m |
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$5,181m |
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$5,724m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$420m |
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: 199.29: -1.39 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,761.66: -4.84 change from yesterday’s data.
The Miners:
Goldcorp’s (GG) dividend, Buenaventura’s (BVN) separation of the Chairman and CEO roles, SEMAFO’s (SMF.TO) drill results, Golden Star’s (GSS) drill results, Comstock’s (LODE) court rulings, and Hecla’s (HL) safety certification were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Almaden | AAU +5.56% $1.14 |
2. Paramount | PZG+4.72% $1.80 |
3. Coeur | CDE +3.61% $10.63 |
LOSERS
1. Great Panther | GPL -7.05% $1.45 |
2. Harmony | HMY -4.37% $2.19 |
3. AngloGold | AU -3.93% $11.00 |
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: Monday, 5 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Mixed While Euro Reverses Higher
