-- Published: Wednesday, 15 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1278.60 | -$1.70 |
Silver | $16.98 | -$0.04 |
XAU | 80.04 | +0.05% |
HUI | 185.89 | -0.01% |
GDM | 627.35 | +0.21% |
JSE Gold | 1440.89 | +21.31 |
USD | 93.80 | -0.04 |
Euro | 117.92 | -0.02 |
Yen | 88.78 | +0.51 |
Oil | $55.33 | -$0.37 |
10-Year | 2.329% | -0.044 |
T-Bond | 154.21875 | +1.34375 |
Dow | 23271.28 | -0.59% |
Nasdaq | 6706.21 | -0.47% |
S&P | 2564.62 | -0.55% |
The Metals:
Gold gained $8.80 to $1289.10 just after 8:30AM EST before it dropped back to $1277.00 in midafternoon trade, but then edged back higher in the last hour of the day and ended with a loss of just 0.13%. Silver rose to as high as $17.197 and ended with a loss of 0.24%.
Euro gold fell to about €1084, platinum gained $7 to $930, and copper dropped a couple of cents to about $3.05.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
U.S. business inventories unchanged in September Reuters
U.S. consumer prices edge up; retail sales unexpectedly increase Reuters
Empire State index retreats in November from three-year high MarketWatch
Tomorrow brings Initial Jobless Claims, the Philadelphia Fed, Import and Export Prices, Industrial Production, and the Housing Market Index.
The Markets:
Oil fell almost 1% after the Energy Information Administration reported that crude inventories rose 1.9 million barrels, gasoline inventories rose 900,000 barrels, and distillates fell 800,000 barrels.
The U.S. dollar index pared early losses but still ended lower while treasuries rose as the Dow, Nasdaq, and S&P dropped on concerns about slowing global growth.
Among the big names making news in the market today were Acorda, Monsanto, Tencent, Airbus, and Target.
GATA Posts:
German Precious Metals Association honors GATA consultant Dimitri Speck
The bitcoin exchange CME plans to use for futures is down
Get 2017's New Orleans Investment Conference on audio and video discs
The Statistics:
As of close of business: 11/14/2017
Gold Warehouse Stocks: | 8,666,465.358 | -9,772.805 |
Silver Warehouse Stocks: | 231,646,289.879 | +1,173,093.59 |
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$34,762m |
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$5,674m |
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$6,270m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$459m |
Note: No change in Total Tonnes from yesterday’s data.
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:
Freeport’s (FCX) continued violence in Indonesia, MAG Silver’s (MAG) private placement, Silver Bear’s (SBR.TO) update on its Mangazeisky Silver Project, Silver Bull’s (SVBL) drill results, and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Hecla | HL +5.33% $3.95 |
2. Alio Gold | ALO +4.75% $3.31 |
3. Yamana | AUY +3.08% $2.68 |
LOSERS
1. Seabridge | SA -4.00% $12.00 |
2. Alexco | AXU -3.67% $1.18 |
3. Silvercorp | SVM -3.29% $2.35 |
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: Wednesday, 15 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Reverse Early Gains To End Slightly Lower
