-- Published: Thursday, 22 December 2016 | Print | Disqus
| Close | Gain/Loss |
Gold | $1128.80 | -$2.80 |
Silver | $15.80 | -$0.15 |
XAU | 73.03 | -0.84% |
HUI | 165.17 | -0.45% |
GDM | 531.55 | -0.28% |
JSE Gold | 1228.80 | +20.24 |
USD | 103.08 | +0.10 |
Euro | 104.37 | +0.11 |
Yen | 85.06 | -0.05 |
Oil | $52.95 | +$0.46 |
10-Year | 2.553% | +0.007 |
T-Bond | 149.875 | -0.4375 |
Dow | 19918.88 | -0.12% |
Nasdaq | 5447.42 | -0.44% |
S&P | 2260.96 | -0.19% |
The Metals:
Gold popped up to $1134.04 in midmorning New York trade before it fell back to $1127.80 in early afternoon trade and then bounced back higher at times, but it still ended with a loss of 0.25%. Silver slipped to as low as $15.765 and ended with a loss of 0.94%.
Euro gold fell to about €1082, platinum lost $7 to $907, and copper climbed a penny to about $2.50.
Gold and silver equities saw slight gains for most of the morning, but they then fell back off in afternoon trade and ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 12/17 | 275K | 256K | 254K |
GDP | Q3 | 3.5% | 3.3% | 3.2% |
GDP Deflator | Q3 | 1.4% | 1.4% | 1.4% |
Durable Orders | Nov | -4.6% | -4.5% | 4.8% |
Durable Orders, Ex- Trans. | Nov | 0.5% | 0.2 | 0.9% |
FHFA Housing Price Index | Oct | 0.4% | - | 0.6% |
Leading Indicators | Nov | 0.0% | 0.1% | 0.1% |
Personal Income | Nov | 0.0% | 0.3% | 0.5% |
Personal Spending | Nov | 0.2% | 0.4% | 0.4% |
Core PCE Price Index | Nov | 0.0% | 0.1% | 0.1% |
Mortgage rates soar to 2 1/2-year high, Freddie Mac says MarketWatch
Tomorrow brings Michigan Sentiment and New Home Sales.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on signs of steady demand in today’s GDP report.
The U.S. dollar index saw slight gains and treasuries fell on mixed spending and jobs data that sent the Dow, Nasdaq, and S&P lower.
Among the big names making news in the market today were Barclays, Volkswagen, and Credit Suisse.
GATA Posts:
Avery Goodman: Comex creates fake 'spot' physical gold and silver market
Jan Skoyles: Will blockchain serve gold investors or just government gold vaults?
China tries to talk dollar down, saying market is 'too optimistic' about Trump
India said to consider lowering gold import tax to 6% from 10%
Trump may have a $300 million conflict of interest with Deutsche Bank
Trump win ignites hope for stalled Alaska copper and gold mine
The Statistics:
As of close of business: 12/21/2016
Gold Warehouse Stocks: | 9,006,538.660 | +15,270.10 |
Silver Warehouse Stocks: | 182,795,583.537 | -359,987.30 |
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 | 824.541 | 26,509,820 | US$29,984m |
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$5,026m |
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$5,547m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$405m |
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 3.557 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 195.60: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,552.24: No change from yesterday’s data.
The Miners:
Centerra Gold’s (CG.TO) filed technical report and IAMGOLD’s (IAG) agreement to acquire Merrex Gold were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Great Panther | GPL +9.35% $1.52 |
2. Buenaventura | BVN +2.06% $10.41 |
3. Gold Fields | GFI +1.83% $2.78 |
LOSERS
1. Paramount | PZG -4.49% $1.70 |
2. Nevsun | NSU -3.37% $3.15 |
3. Coeur | CDE -3.22% $8.72 |
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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© Gold Seeker 2016
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-- Published: Thursday, 22 December 2016 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower With Stocks
