-- Published: Monday, 20 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1277.30 | -$16.60 |
Silver | $16.93 | -$0.35 |
XAU | 80.01 | -1.08% |
HUI | 185.80 | -1.11% |
GDM | 626.20 | -0.96% |
JSE Gold | 1378.06 | -40.98 |
USD | 94.09 | +0.41 |
Euro | 117.35 | -0.58 |
Yen | 88.89 | -0.42 |
Oil | $56.09 | -$0.46 |
10-Year | 2.364% | +0.018 |
T-Bond | 153.84375 | +0.0625 |
Dow | 23430.33 | +0.31% |
Nasdaq | 6790.71 | +0.12% |
S&P | 2582.14 | +0.13% |
The Metals:
Gold fell throughout most of the morning in New York and ended near its early afternoon low of $1275.10 with a loss of 1.28%. Silver slipped to as low as $16.847 and ended with a loss of 2.03%.
Euro gold fell to about €1089, platinum lost $29 to $921, and copper climbed a couple of cents to about $3.09.
Gold and silver equities dropped roughly 1% by midday and remained near that level into the close.
The Economy:
Yellen Says She'll Leave Fed Once Powell Sworn in as Chair Bloomberg
Leading indicators double October expectations CNBC
Tomorrow brings Existing Home Sales.
The Markets:
Oil fell almost 1% on uncertainty over how long OPEC’s production cuts will last.
The U.S. dollar index rose as the euro slid lower “on political risks linked to German Chancellor Angela Merkel’s failure to form a three-way coalition government.”
Treasuries traded mixed while the Dow, Nasdaq, and S&P found slight gains on mostly positive company news.
Among the big names making news in the market today were AT&T and Time Warner, Aurora, Volvo, Alibaba, and Marvell Technology and Cavium.
GATA Posts:
Zero Hedge: Gold drops to key support after $2 billion purge
These doomsday preppers are starting to switch from gold to bitcoin
Gold-based debit card Glintpay gets started
Monetary metals holding up well despite raids, Sprott says
The Statistics:
As of close of business: 11/17/2017
Gold Warehouse Stocks: | 8,826,580.395 | +100,410.676 |
Silver Warehouse Stocks: | 231,687,132.659 | +274,819.91 |
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$34,869m |
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$5,710m |
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$6,282m |
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:
Seabridge Gold’s (SA) exploration program and Silver Bull’s (SVBL) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Silvercorp | SVM +2.22% $2.49 |
2. Fortuna | FSM +1.64% $4.34 |
3. Taseko | TGB +1.43% $2.13 |
LOSERS
1. DRDGOLD | DRD -5.31% $3.57 |
2. Alexco | AXU -4.45% $1.18 |
3. B2Gold | BTG -4.00% $2.64 |
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: Monday, 20 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Give Back Friday’s Gains
