-- Published: Tuesday, 6 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1169.10 | -$1.00 |
Silver | $16.71 | -$0.03 |
XAU | 82.15 | -0.77% |
HUI | 181.68 | -0.60% |
GDM | 588.05 | -0.63% |
JSE Gold | 1351.18 | -12.68 |
USD | 100.48 | +0.35 |
Euro | 107.18 | -0.44 |
Yen | 87.67 | -0.15 |
Oil | $50.93 | -$0.86 |
10-Year | 2.396% | +0.009 |
T-Bond | 151.8125 | -0.3125 |
Dow | 19251.78 | +0.18% |
Nasdaq | 5333.00 | +0.45% |
S&P | 2212.23 | +0.34% |
The Metals:
Gold edged up to $1175.19 at about 9:45AM EST before it fell back to $1167.05 in early afternoon trade and then bounced back higher into the close, but it still ended with a loss of 0.09%. Silver slipped to as low as $16.69 and ended with a loss of 0.18%.
Euro gold rose to about €1091, platinum lost $1 to $933, and copper fell a couple of cents to about $2.67.
Gold and silver equities saw slight gains for most of the morning, but they then drifted back lower in afternoon trade and ended almost 1% lower on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Productivity | Q3 | 3.1% | 3.3% | 3.1% |
Unit Labor Costs | Q3 | 0.7% | 0.2% | 0.3% |
Trade Balance | Oct | -$42.6B | -$41.8B | -$36.2B |
Factory Orders | Oct | 2.7% | 2.5% | 0.6% |
Tomorrow brings Consumer Credit.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 2% on doubts that OPEC members will actually meet their pledged production cuts.
The U.S. dollar index rose as the euro fell ahead of Thursday’s ECB meeting.
Treasuries edged lower as the Dow, Nasdaq, and S&P turned slightly higher in afternoon trade on hopes for more stimulus from the ECB.
Among the big names making news in the market today were Chipotle, Boeing, Toll Bros, Nike, McDonald’s, and Verizon.
GATA Posts:
Governments, financial press falsify economic conditions, Embry tells KWN
King Report: Market rigging strives to save disintegrating Europe
CFTC leaves shaping position limits rule to Trump administration
Avery Goodman: What happened to gold and the dollar after Italy's 'no' vote?
The Statistics:
As of close of business: 12/5/2016
Gold Warehouse Stocks: | 9,706,173.129 | -29,417.25 |
Silver Warehouse Stocks: | 178,778,628.803 | +1,028,213.643 |
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 | 869.897 | 27,968,046 | US$32,790m |
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$5,190m |
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$5,747m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$419m |
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 0.323 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 199.29: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,761.66: No change from yesterday’s data.
The Miners:
Kirkland’s (KL.TO) ticker symbol change, Osisko’s (OSK.TO) drill results, SilverCrest’s (SIL.V) closed bought deal financing, and Hecla’s (HL) celebration of National Miner’s Day were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Eldorado | EGO +2.71% $3.03 |
2. Paramount | PZG +2.22% $1.84 |
3. Yamana | AUY +1.99% $3.08 |
LOSERS
1. Northern Dynasty | NAK -4.05% $1.42 |
2. Alamos | AGI -3.96% $6.06 |
3. Fortuna | FSM -3.94% $6.34 |
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: Tuesday, 6 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower In Mixed Trade
