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Gold Seeker Closing Report: Gold and Silver End Mixed While Euro Reverses Higher
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/12-5gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2016/12-5gsr/1.png

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

© Gold Seeker 2016

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 -- Published: Monday, 5 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

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