-- Published: Tuesday, 14 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1280.30 | +$2.70 |
Silver | $17.02 | -$0.01 |
XAU | 80.00 | -0.51% |
HUI | 185.91 | -0.12% |
GDM | 626.27 | +0.14% |
JSE Gold | 1419.58 | -56.19 |
USD | 93.84 | -0.65 |
Euro | 117.94 | +1.26 |
Yen | 88.27 | +0.14 |
Oil | $55.70 | -$1.06 |
10-Year | 2.373% | -0.024 |
T-Bond | 152.9375 | +0.53125 |
Dow | 23409.47 | -0.13% |
Nasdaq | 6737.87 | -0.29% |
S&P | 2578.87 | -0.23% |
The Metals:
Gold dropped $6.80 to $1270.80 in Asia before it rebounded to $1276.30 in London and then fell back towards its earlier low after this morning’s PPI data was released, but it then jumped to as high as $1283.60 in afternoon New York trade and ended with a gain of 0.21%. Silver rose to as high as $17.088 and ended with a loss of 0.06%.
Euro gold fell to about €1086, platinum lost $6 to $923, and copper dropped 6 cents to about $3.07.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Services boost U.S. producer prices; underlying inflation firming Reuters
White House Is Considering El-Erian as Fed Vice Chair: DJ Bloomberg
Top Central Bankers Say Forward Guidance Will Stay as a Policy Tool Bloomberg
Subprime Auto Delinquency Is Near Crisis Levels at Non-Bank Lenders Bloomberg
Tomorrow brings CPI, Retail Sales, the Empire State Manufacturing Survey, Business Inventories, and Treasury International Capital.
The Markets:
Oil fell almost 2% after the IEA “said the recent recovery in oil prices coupled with milder-than-normal winter weather is slowing demand growth.”
The U.S. dollar index dropped to a 3-week low and treasuries rose as the Dow, Nasdaq, and S&P traded notably lower at times on concerns about tax reform.
Among the big names making news in the market today were GE, Tesla, and Buffalo Wild Wings.
GATA Posts:
Jan Skoyles: ECB study proposes ending bank deposit insurance
Contrast with other asset prices reveals gold market rigging, Murphy says
The Statistics:
As of close of business: 11/13/2017
Gold Warehouse Stocks: | 8,676,238.163 | -21,364.844 |
Silver Warehouse Stocks: | 230,473,196.315 | +315,482.946 |
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 | 843.387 | 27,115,733 | US$34,556m |
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$5,685m |
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$6,281m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 0.295 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 237.30: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.21: No change from yesterday’s data.
The Miners:
Eldorado’s (EGO) exploration update, Entrée’s (EGI) third quarter results, and Avino’s (ASM) Permit Amendment were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Avino | ASM+5.08% $1.29 |
2. DRDGOLD | DRD +1.98% $3.61 |
3. Paramount | PZG +1.67% $1.21 |
LOSERS
1. Taseko | TGB -7.21% $2.06 |
2. Northern Dynasty | NAK -5.24% $2.17 |
3. Gold Standard | GSV -5.23% $1.45 |
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 2017
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: Tuesday, 14 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Stocks Fall 
