-- Published: Friday, 24 November 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1287.90 | -$3.50 | -0.46% |
Silver | $17.03 | -$0.11 | -1.45% |
XAU | 81.11 | -0.78% | +0.28% |
HUI | 188.18 | -0.70% | +0.15% |
GDM | 636.03 | -0.17% | +0.60% |
JSE Gold | 1460.50 | +8.98 | +2.92% |
USD | 92.76 | -0.50 | -0.98% |
Euro | 119.28 | +1.04 | +1.14% |
Yen | 89.71 | -0.29 | +0.45% |
Oil | $58.82 | +$0.80 | +4.01% |
10-Year | 2.342% | +0.021 | -0.17% |
Bond | 154.28125 | -0.46875 | +0.18% |
Dow | 23557.99 | +0.14% | +0.86% |
Nasdaq | 6889.16 | +0.32% | +1.57% |
S&P | 2602.12 | +0.21% | +0.91% |
The Metals:
Gold jumped up to $1293.40 in holiday thinned trade yesterday before it drifted back to $1286.10 in London today, but it then bounced back higher in New York and ended with a loss of just 0.27%. Silver slipped to as low as $16.985 and ended with a loss of 0.64%.
Euro gold fell to about €1080, platinum gained $3 to $940, and copper climbed 3 cents to about $3.17.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
The GOP Tax Plan Is Entering Its Make-or-Break Week Bloomberg
IHS Markit says U.S. economy cools a bit in November MarketWatch
Shares of retailers rise as shoppers hunt for deals on Black Friday Reuters
Next week’s economic highlights include New Home Sales on Monday, International Trade in Goods, S&P Corelogic Case-Shiller HPI, and Consumer Confidence on Tuesday, GDP, Pending Home Sales Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Personal Income and Outlays, and Chicago PMI on Thursday, and PMI Manufacturing, ISM Manufacturing, and Construction Spending on Friday.
The Markets:
Oil gained over 1% “as OPEC and Russia were said to have crafted the outline of a deal to extend their oil production cuts to the end of next year.”
The U.S. dollar index fell as the euro continued higher on strong economic data.
Treasuries fell as the Dow, Nasdaq, and S&P followed retail stocks higher.
Among the big names making news in the market Friday were CBS, Dish, Nutanix, Tesla, BMW, and Uber.
GATA Posts:
Bitcoin is paving the way for gold's return as global currency, fund manager says
The Statistics:
As of close of business: 11/21/2017
Gold Warehouse Stocks: | 8,826,263.200 | - |
Silver Warehouse Stocks: | 232,488,658.853 | +1,029,261.79 |
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$34,888m |
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$462m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 238.37: +0.59 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,893.21: No change from yesterday’s data.
The Miners:
WINNERS
1. Alexco | AXU +4.62% $1.36 |
2. Paramount | PZG +3.31% $1.25 |
3. Nevsun | NSU +1.67%$2.44 |
LOSERS
1. Avino | ASM -5.19% $1.28 |
2. Tahoe Resources | TAHO -5.08% $4.48 |
3. Alamos | AGI -4.45% $6.65 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Friday, 24 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week
