-- Published: Friday, 9 December 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1159.00 | -$11.80 | -1.42% |
Silver | $16.85 | -$0.16 | +1.02% |
XAU | 80.08 | -3.01% | -2.70% |
HUI | 176.99 | -4.10% | -3.49% |
GDM | 575.17 | -3.36% | -3.00% |
JSE Gold | 1321.51 | -39.71 | -7.42% |
USD | 101.58 | +0.47 | +0.88% |
Euro | 105.56 | -0.58 | -1.00% |
Yen | 86.76 | -0.93 | -1.48% |
Oil | $51.50 | +$0.66 | -0.35% |
10-Year | 2.464% | +0.077 | +3.10% |
Bond | 149.78125 | -1.5625 | -1.28% |
Dow | 19756.85 | +0.72% | +3.06% |
Nasdaq | 5444.50 | +0.50% | +3.59% |
S&P | 2259.53 | +0.59% | +3.08% |
The Metals:
Gold edged up to $1172.01 in late Asian trade, but it then chopped back lower in London and New York and ended near its midafternoon low of $1156.46 with a loss of 1.01%. Silver slipped to as low as $16.791 and ended with a loss of 0.94%.
Euro gold fell to about €1098, platinum lost $25 to $911, and copper climbed 3 cents to about $2.65.
Gold and silver equities fell about 4% by early afternoon and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Michigan Sentiment | Dec | 98.0 | 94.3 | 93.8 |
Wholesale Inventories | Oct | -0.4% | -0.4% | 0.1% |
Trump offers Goldman Sachs President Gary Cohn directorship of National Economic Council CNBC
All of this week’s other economic reports:
Next week’s economic highlights include the Treasury Budget on Monday, Export and Import Prices on Tuesday, Retail Sales, PPI, Industrial Production, Capacity Utilization, Business Inventories, and a FOMC Rate Decision on Wednesday, Initial Jobless Claims, CPI, the Philadelphia Fed, Empire Manufacturing, the Current Account Balance, the NAHB Housing Market Index, and Net Long-Term TIC Flows on Thursday, and Housing Starts and Building Permits on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained over 1% more on continued confidence that producers will stick to output cuts.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P climbed to new record highs on economic optimism.
Among the big names making news in the market Friday were Twenty-First Century Fox, Coca-Cola, Wal-Mart, and Wells Fargo.
GATA Posts:
South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 billion in latest platinum push
Deutsche Bank proves what GATA told CFTC six years ago, Murphy tells GoldSeek Radio
Avery Goodman: The mysterious case of 186 tonnes of missing gold
The Statistics:
Activity from: 12/8/2016
Gold Warehouse Stocks: | 9,541,870.241 | -114,380.593 |
Silver Warehouse Stocks: | 179,458,010.853 | -638,487.45 |
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 | 860.706 | 27,672,566 | US$32,197m |
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$5,165m |
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$5,702m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$417m |
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 2.965 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.06: -0.63 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,664.32: -97.34 change from yesterday’s data.
The Miners:
WINNERS
1. Freeport | FCX +0.96% $15.75 |
2. Vista Gold | VGZ +0.95% $1.06 |
LOSERS
1. Paramount | PZG -13.83% $1.62 |
2. Harmony | HMY -8.77% $2.08 |
3. McEwen | MUX -8.67% $2.95 |
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, 9 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold Dips 1% on the Week While Silver Gains 1%
