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Gold Seeker Closing Report: Gold and Silver Gain With Oil
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 12 December 2016 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1162.20

+$3.20

Silver

$17.07

+$0.22

XAU

80.26

+0.23%

HUI

178.46

+0.83%

GDM

576.51

+0.23%

JSE Gold

1277.09

-44.42

USD

100.98

-0.60

Euro

106.35

+0.75

Yen

86.96

+0.25

Oil

$52.83

+$1.33

10-Year

2.479%

+0.015

T-Bond

150.00

+0.125

Dow

19796.43

+0.20%

Nasdaq

5412.54

-0.59%

S&P

2256.96

-0.11%

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

 

The Metals:

 

Gold fell $7.47 to $1151.53 in Asia before it climbed up to $1165.65 in early afternoon New York trade and then drifted back lower in the last few hours, but it still ended with a gain of 0.28%.  Silver rose to as high as $17.191 and ended with a gain of 1.31%.

 

Euro gold fell to about €1093, platinum gained $18 to $929, and copper fell 4 cents to about $2.61.

 

Gold and silver equities rose roughly 1% by midday and remained near that level into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Treasury Budget

Nov

-$137.0B

-$135.0B

-$56.8B

 

Tomorrow brings Export and Import Prices.

 

The Markets:

 

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

Charts Courtesy of http://finance.yahoo.com/

 

Oil added almost 3% after non-OPEC producers also agreed to production cuts over the weekend.

 

The U.S. dollar index dropped on profit taking ahead of this Wednesday’s fed meeting.

 

Treasuries fell on expectations for an interest rate hike.

 

The Dow, Nasdaq, and S&P traded mixed as oil’s strength was offset by a drop in technology and financial stocks.

 

Among the big names making news in the market today were AmEx, CBS and Viacom, Lionbridge Technologies, Boeing, and Lockheed.

 

GATA Posts:

 

 

Mining giant Agnico Eagle buys into Yukon's White Gold district

Bloomberg notes silver riggers' collusion, so how about central banks' collusion vs. gold?

Singapore is a safe haven for gold investors

Indian gold imports said to jump to year's high in November

India's top gold import bank suspends some bullion dealer accounts

Forced into digital transactions, Indians resume buying gold anyway

Inflation-hit Venezuela to pull largest bill from circulation

Avery Goodman: India's attacks on gold are just posturing and will have little effect

Silver price charts annotated with messages between market-rigging traders

 

The Statistics:

As of close of business: 12/9/2016

Gold Warehouse Stocks:

9,427,754.481

-114,115.76

Silver Warehouse Stocks:

179,727,996.683

+269,985.83

 

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

857.445

27,567,720

US$31,867m

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$5,162m

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$5,701m

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 3.261 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.06: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,664.32: No change from yesterday’s data.

 

The Miners:

 

Tanzanian Royalty’s (TRX) review, Agnico Eagle’s (AEM) purchase of claims in the Yukon, and SilverCrest’s (SIL.V) corporate update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  DRDGOLD

DRD +9.11% $4.43

2.  Alamos

AGI +7.27% $6.49

3.  Great Panther

GPL +4.90% $1.50

 

LOSERS

1.  Northern Dynasty

NAK -4.57% $1.67

2.  Gold Standard

GSV -4.00% $2.16

3.  Gold Resource

GORO-2.67% $4.38

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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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.


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 -- Published: Monday, 12 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

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