-- Published: Friday, 17 November 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1293.90 | +$15.40 | +1.41% |
Silver | $17.28 | +$0.20 | +2.31% |
XAU | 80.88 | +1.30% | +0.35% |
HUI | 187.89 | +1.13% | +0.45% |
GDM | 632.24 | +0.72% | +0.85% |
JSE Gold | 1419.04 | -0.46 | -2.81% |
USD | 93.68 | -0.24 | -0.74% |
Euro | 117.93 | +0.25 | +1.08% |
Yen | 89.31 | +0.75 | +1.47% |
Oil | $56.55 | +$1.41 | -0.33% |
10-Year | 2.346% | -0.023 | -2.41% |
Bond | 154.00 | +0.4375 | +1.17% |
Dow | 23358.24 | -0.43% | -0.27% |
Nasdaq | 6782.79 | -0.15% | +0.47% |
S&P | 2578.85 | -0.26% | -0.13% |
The Metals:
Gold saw only slight gains in Asia and London, but it then climbed steadily higher throughout most of trade in New York and ended near its early afternoon high of $1296.70 with a gain of 1.21%. Silver rose to as high as $17.371 and ended with a gain of 1.17%.
Euro gold rose to about €1098, platinum gained $20 to $950, and copper climbed a couple of cents to about $3.07.
Gold and silver equities gained roughly 1% by midday and remained near that level into the close.
The Economy:
U.S. Home Starts Reach Highest Level in a Year, Permits Rise Bloomberg
The Markets:
Oil gained nearly 3% “as Saudi Arabia moved to dissipate doubts that Russia is ready to extend output curbs.”
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped on concerns about the economy and taxes.
Among the big names making news in the market Friday were GE, Abercrombie & Fitch, Tesla, Airbnb, and Comcast, Verizon, and Twenty-First Century Fox.
GATA Posts:
Jim Rickards: Gold is rising despite threat of higher interest rates
Gillian Tett: Prepare to bet against bitcoin as it becomes civilized
Bitcoin is the new crisis currency
The Statistics:
Activity from: 11/16/2017
Gold Warehouse Stocks: | 8,726,169.719 | -6,026.01 |
Silver Warehouse Stocks: | 231,412,312.749 | -253,228.67 |
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$34,820m |
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$5,723m |
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$6,323m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
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 and MAG Silver’s (MAG) private placement were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Alexco | AXU +5.56% $1.24 |
2. Taseko | TGB +5.53% $2.10 |
3. Eldorado | EGO +5.00% $1.26 |
LOSERS
1. Northern Dynasty | NAK -4.50% $2.12 |
2. Hecla | HL -2.02% $3.88 |
3. Gold Standard | GSV -0.68% $1.47 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- 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: Friday, 17 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
