-- Published: Friday, 16 December 2016 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1133.50 | +$6.10 | -2.20% |
Silver | $16.09 | +$0.09 | -4.51% |
XAU | 73.41 | -0.40% | -8.33% |
HUI | 165.32 | +1.12% | -6.59% |
GDM | 529.34 | -0.11% | -7.97% |
JSE Gold | 1181.45 | -111.42 | -10.6% |
USD | 102.87 | -0.27 | +1.27% |
Euro | 104.43 | +0.25 | -1.07% |
Yen | 84.80 | +0.21 | -2.26% |
Oil | $51.90 | +$1.00 | +0.78% |
10-Year | 2.597% | +0.017 | +5.40% |
Bond | 149.00 | -0.9375 | -0.52% |
Dow | 19843.41 | -0.04% | +0.44% |
Nasdaq | 5437.16 | -0.36% | -0.13% |
S&P | 2258.07 | -0.18% | -0.06% |
The Metals:
Gold gained $8.64 to $1136.04 in London before it fell back to $1127.80 at about 11AM EST, but it then jumped up to $1141.03 in the next hour of trade and ended with a gain of 0.54%. Silver rose to as high as $16.25 and ended with a gain of 0.56%.
Euro gold rose to about €1086, platinum gained $30.50 to $923, and copper fell 4 cents to about $2.55.
Gold and silver equities rose as much as 3% by midday before they chopped back lower in late trade, but they still mostly higher on the day.
The Economy:
Report | For | Reading | Expected | Previous |
Housing Starts | Nov | 1090K | 1225K | 1340K |
Building Permits | Nov | 1201K | 1236K | 1260K |
All of this week’s other economic reports:
NAHB Housing Market Index - December | 70 v. 63 |
Next week’s economic highlights include Existing Home Sales on Wednesday, GDP, Initial Jobless Claims, Durable Goods Orders, the FHFA Housing Price Index, Leading Indicators, and Personal Income and Spending on Thursday, and Michigan Sentiment and New Home Sales on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained 2% on signs that producers are following through with their pledged production cuts.
The U.S. dollar index fell and treasuries traded mixed as the Dow, Nasdaq, and S&P turned slightly lower on geopolitical uncertainty after China “seized an underwater drone deployed by a U.S. oceanographic vessel in the South China Sea.”
Among the big names making news in the market Friday were Wells Fargo, Chipotle, Oracle, Deutsche Bank, and Viacom.
GATA Posts:
Gold premiums in China at 3-year high as Indian demand stays weak
Gold chart annotated with exchanges between market-manipulating traders
Avery Goodman: The Trump administration looks friendly toward a gold standard
Ted Butler: The royal flush
The Statistics:
Activity from: 12/15/2016
Gold Warehouse Stocks: | 9,215,232.433 | -116,711.91 |
Silver Warehouse Stocks: | 182,099,347.156 | +593,769.38 |
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 | 842.327 | 27,081,645 | US$30,640m |
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$5,066m |
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$5,599m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$407m |
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 7.114 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.35: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,534.54: -73.74 change from yesterday’s data.
The Miners:
Agnico Eagle’s (AEM) mine accident, Gold Reserve’s (GRZ.V) pending settlement, Turquoise Hill’s (TRQ) 2017 production and financial guidance, Goldcorp’s (GG) new COO, Eurasian Minerals’ (EMXX) changing ticker symbol, Eldorado Gold’s (EGO) retiring CEO, International Tower Hill’s (THM) private placement financing, B2Gold’s (BTG) acquisition of shares in Calibre Mining Corp., and Golden Minerals’ (AUMN) exploration update were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. B2Gold | BTG +6.83% $2.19 |
2. Alexco | AXU +6.40% $1.33 |
3. DRDGOLD | DRD +4.28% $4.39 |
LOSERS
1. Seabridge | SA -6.10% $7.70 |
2. Freeport | FCX -5.34% $13.83 |
3. Kinross | KGC -3.19% $3.03 |
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: Friday, 16 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 4% on the Week
