-- Published: Tuesday, 13 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1158.60 | -$3.60 |
Silver | $16.91 | -$0.16 |
XAU | 81.19 | +1.15% |
HUI | 181.95 | +1.96% |
GDM | 583.84 | +1.25% |
JSE Gold | 1277.22 | +0.13 |
USD | 101.08 | +0.10 |
Euro | 106.21 | -0.18 |
Yen | 86.81 | -0.21 |
Oil | $52.98 | +$0.15 |
10-Year | 2.481% | +0.002 |
T-Bond | 150.40625 | +0.40625 |
Dow | 19911.21 | +0.58% |
Nasdaq | 5463.83 | +0.95% |
S&P | 2271.72 | +0.65% |
The Metals:
Gold dipped to $1157.68 in London before it edged up to $1163.46 at about 8:30AM EST, but it then fell back to $1154.62 in the next 90 minutes of trade and ended with a loss of 0.31%. Silver slipped to as low as $16.77 and ended with a loss of 0.94%.
Euro gold fell to about €1091, platinum gained $4 to $933, and copper fell a couple of cents to about $2.59.
Gold and silver equities traded mixed for most of the morning, but they then chopped higher in afternoon trade and ended with almost 2% gains on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Export Prices | Nov | -0.1% | - | 0.2% |
Export Prices ex-ag. | Nov | -0.1% | - | 0.2% |
Import Prices | Nov | -0.3% | - | -0.4% |
Import Prices ex-oil | Nov | -0.1% | - | -0.1% |
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Tomorrow brings Retail Sales, PPI, Industrial Production, Capacity Utilization, Business Inventories, and a FOMC Rate Decision.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil held near unchanged along with the U.S. dollar index and treasuries ahead of tomorrow’s FOMC announcement.
The Dow, Nasdaq, and S&P rose to new record highs on economic optimism.
Among the big names making news in the market today were Asahi, UniCredit, Boeing, and SeaWorld.
GATA Posts:
Trump's plans threatened by strong dollar conundrum
Venezuelans rush to stash cash before biggest bill is voided
Central banks are losing control of interest rates, Turk tells King World News
The Statistics:
As of close of business: 12/12/2016
Gold Warehouse Stocks: | 9,395,740.344 | -32,014.137 |
Silver Warehouse Stocks: | 179,766,464.606 | +38,467.923 |
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 | 856.259 | 27,529,595 | US$31,890m |
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$5,134m |
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$5,678m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$416m |
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 1.186 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 197.46: -0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,664.32: No change from yesterday’s data.
The Miners:
Endeavour Silver’s (EXK) drill results and IMPACT Silver’s (IPT.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Endeavour Silver | EXK +8.38% $3.88 |
2. Harmony | HMY +6.31% $2.19 |
3. Paramount | PZG +5.49% $1.73 |
LOSERS
1. Freeport | FCX -2.08% $15.04 |
2. New Gold | NGD -1.81% $3.79 |
3. Eldorado | EGO -1.64% $2.99 |
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: Tuesday, 13 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver End Slightly Lower Before Fed Day
