-- 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% |
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:
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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-- Published: Monday, 12 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain With Oil
