Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

SELLING OUT OF PRECIOUS METALS AND BUYING BITCOIN…. Very Bad Idea
By: Steve St. Angelo

The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber

VXX Sends an Awesome Message from Another Galaxy
By: Rick Ackerman

Asian Metals Market Update: November-22-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain With Stocks
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 21 2017
By: Ira Epstein

Bitcoin, Bail Ins And Bullion
By: Mike Maloney

Tactics For The Gold Bull Era
By: Stewart Thomson

Dow Peaking? The Quick Guide to Diversifying Your Stock Profits
By: Jeff Clark

What History Says for Gold Stocks in 2018-2019
By: Jordan Roy-Byrne CMT, MFTA

 
Search

GoldSeek Web

 
Gold Seeker Closing Report: Gold and Silver Fall Roughly 1% and 5% More
By: Chris Mullen, Gold-Seeker.com

 -- 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%

 
 
http://goldseek.com/news/GoldSeeker/2016/12-15gsr/1.jpg

 

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:

 

http://goldseek.com/news/GoldSeeker/2016/12-15gsr/1.png

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

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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.


| Digg This Article
 -- Published: Thursday, 15 December 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.