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Gold Seeker Closing Report: Gold and Silver End Slightly Lower Before Fed Day
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/12-13gsr/1.jpg

 

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%

 

Small Business Owners' Optimism Skyrockets Following Trump Victory Bloomberg

What the Fed can learn from Greenspan as it prepares for Trump MarketWatch

 

Tomorrow brings Retail Sales, PPI, Industrial Production, Capacity Utilization, Business Inventories, and a FOMC Rate Decision.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2016/12-13gsr/1.png

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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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: Tuesday, 13 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

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