-- Published: Wednesday, 7 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1173.00 | +$3.90 |
Silver | $17.12 | +$0.41 |
XAU | 82.57 | +0.51% |
HUI | 184.04 | +1.30% |
GDM | 594.10 | +1.04% |
JSE Gold | 1396.85 | +5.67 |
USD | 100.18 | -0.30 |
Euro | 107.60 | +0.43 |
Yen | 87.87 | +0.20 |
Oil | $49.77 | -$1.16 |
10-Year | 2.347% | -0.049 |
T-Bond | 152.59375 | +0.9375 |
Dow | 19549.62 | +1.55% |
Nasdaq | 5393.76 | +1.14% |
S&P | 2241.35 | +1.32% |
The Metals:
Gold gained $11.03 to $1180.13 by midmorning in New York before it drifted back lower into the close, but it still ended with a gain of 0.33%. Silver surged to as high as $17.216 and ended with a gain of 2.45%.
Euro gold fell to about €1090, platinum gained $7 to $940, and copper fell a few cents to about $2.64.
Gold and silver equities rose about 3% my midday before they fell back off in late trade, but they still ended about 1% higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Consumer Credit | Oct | $16.0B | $18.7B | $21.8B |
Job openings and hires move sideways as economy approaches full employment MarketWatch
Plunge in mortgage applications stalls, down just 0.7 percent CNBC
U.S. mortgage rates rise to highest levels in over two years: MBA Reuters
Tomorrow brings Initial Jobless Claims.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil dropped over 2% after the Energy Information Administration reported that crude inventories fell 2.4 million barrels, gasoline inventories rose 3.4 million barrels, and distillates rose 2.5 million barrels.
The U.S. dollar index fell and treasuries rose along with the Dow, Nasdaq, and S&P
ahead of tomorrow’s ECB meeting.
Among the big names making news in the market today were AT&T, SunPower, JPMorgan, Shell, Trafigura, and Boeing.
GATA Posts:
Turkey's president urges people to favor lira and gold to end 'tyranny of the dollar'
Brussels to fine three banks over Euribor rate rigging
The Statistics:
As of close of business: 12/6/2016
Gold Warehouse Stocks: | 9,723,536.719 | +17,363.59 |
Silver Warehouse Stocks: | 179,246,646.803 | +468,018.00 |
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$32,934m |
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$5,226m |
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$5,781m |
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: 198.69: -0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,761.66: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) controversial Pascua Lama project, Nevsun’s (NSU) drill results, Gold Fields’ (GFI) resignation, and Santacruz Silver’s (SCZ.V) project sale were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Vista Gold | VGZ +8.34% $1.05 |
2. Northern Dynasty | NAK +7.04% $1.52 |
3. New Gold | NGD +5.65% $3.93 |
LOSERS
1. Freeport | FCX -2.89% $15.43 |
2. Paramount | PZG -1.63% $1.81 |
3. Avino | ASM -1.43% $1.38 |
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: Wednesday, 7 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Stocks and Bonds
