-- Published: Thursday, 15 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1127.40 | -$15.20 |
Silver | $16.00 | -$0.80 |
XAU | 73.71 | -4.29% |
HUI | 163.49 | -4.24% |
GDM | 530.14 | -5.19% |
JSE Gold | 1181.45 | -111.42 |
USD | 103.14 | +1.04 |
Euro | 104.12 | -1.26 |
Yen | 84.62 | -0.82 |
Oil | $50.90 | -$0.14 |
10-Year | 2.580% | +0.055 |
T-Bond | 149.1875 | -0.65625 |
Dow | 19852.24 | +0.30% |
Nasdaq | 5456.85 | +0.37% |
S&P | 2262.03 | +0.39% |
The Metals:
Gold fell $19.72 to $1122.88 in late morning New York trade before it bounced back higher in early afternoon trade, but it still ended with a loss of 1.33%. Silver slipped to as low as $15.879 and ended with a loss of 4.76%.
Euro gold fell to about €1083, platinum lost $28.50 to $892.50, and copper remained at about $2.59.
Gold and silver equities fell roughly 5% in the first 5 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 12/10 | 254K | 256K | 258K |
CPI | Nov | 0.2% | 0.2% | 0.4% |
Core CPI | Nov | 0.2% | 0.2% | 0.1% |
Current Account Balance | Q3 | -$113.0B | -$111.6B | -$118.3B |
NAHB Housing Market Index | Dec | 70 | 63 | 63 |
Philadelphia Fed | Dec | 21.5 | 9.0 | 7.6 |
Empire Manufacturing | Dec | 9.0 | 3.0 | 1.5 |
Net Long-Term TIC Flows | Oct | $9.4B | - | -$26.2B |
Rising inflation, tightening job market support more rate hikes Reuters
Tomorrow brings Housing Starts and Building Permits.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended slightly lower in mixed trade as the U.S. dollar index rose markedly and treasuries fell further in continued reaction to the fed’s more aggressive attitude towards future interest rate hikes.
The Dow, Nasdaq, and S&P followed financial stocks higher.
Among the big names making news in the market today were VW, Exxon, Nestle, Fox, Comcast, and Yahoo.
GATA Posts:
Fleckenstein dismissed as 'nonsense' the silver rigging Deutsche Bank has just admitted
Cancellation of currency notes suppresses gold demand in rural India
Cash ban gives a boost to India's government-run banks
Bron Suchecki: Silver smoking gun to stop dishonest dealing
Fleckenstein is surprised by gold's price action but he shouldn't be
Gold is half of Indians' physical assets, ahead of real estate, study finds
The Statistics:
As of close of business: 12/14/2016
Gold Warehouse Stocks: | 9,331,944.343 | -96,745.072 |
Silver Warehouse Stocks: | 181,505,577.776 | +1,159,478.09 |
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 | 849.441 | 27,310,384 | US$30,772m |
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$4,991m |
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$5,515m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$406m |
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 6.818 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.35: -0.60 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,608.28: No change from yesterday’s data.
The Miners:
Pretivm’s (PVG) updated Mineral Reserve estimate and Kinross Gold’s (KGC) drilling were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +3.07% $1.68 |
2. Turquoise | TRQ +0.59% $3.39 |
LOSERS
1. First Majestic | AG -10.26% $7.35 |
2. IAMGOLD | IAG -9.83% $3.21 |
3. Gold Resource | GORO-9.48% $3.82 |
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: Thursday, 15 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% and 5% More
