-- Published: Tuesday, 28 November 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1293.10 | -$0.70 |
Silver | $16.85 | -$0.20 |
XAU | 81.14 | -0.41% |
HUI | 189.34 | -0.52% |
GDM | 637.73 | -0.43% |
JSE Gold | 1447.80 | +6.30 |
USD | 93.25 | +0.34 |
Euro | 118.45 | -0.56 |
Yen | 89.80 | -0.30 |
Oil | $57.66 | -$0.45 |
10-Year | 2.328% | -0.004 |
T-Bond | 154.25 | -0.09375 |
Dow | 23836.71 | +1.09% |
Nasdaq | 6912.36 | +0.49% |
S&P | 2627.04 | +0.98% |
The Metals:
Gold gained $2.70 to $1296.50 in London before it dropped back to $1290.90 in midmorning New York trade and then jumped back to $1297.30 in late morning action, but it then drifted back lower into the close and ended with a loss of 0.05%. Silver slipped to as low as $16.786 and ended with a loss of 1.17%.
Euro gold rose above €1092, platinum lost $1 to $945, and copper dropped 6 cents to about $3.07.
Gold and silver equities waffled near unchanged and ended slightly lower.
The Economy:
Fed nominee Powell, once hawkish, now champions Yellen's focus on jobs Reuters
Consumer confidence hits new 17-year high CNBC
Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014 Bloomberg
U.S. trade deficit soars in October to cast early shadow on fourth quarter GDP MarketWatch
Tomorrow brings GDP, Pending Home Sales, and the fed’s Beige Book.
The Markets:
Oil fell almost 1% more on uncertainty about OPEC.
The U.S. dollar index rose and treasuries dropped as the Dow, Nasdaq, and S&P climbed higher on better than expected economic data, steady testimony from Fed nominee Powell, and progress for tax reform.
Among the big names making news in the market today were Scotiabank, WeWork and Meetup, CME Group, SoftBank and Uber, Teva, Buffalo Wild Wings, and Rockwell Automation.
GATA Posts:
Russia, China see gold as escape from dollar hegemony, CPM Group's Christian says
Bloomberg helpfully explains how to short bitcoin
Central bankers fear cryptos could cost them control of the world
Bitcoin could devour the whole financial world, RT's Max Keiser suspects
GoldMoney expands into China in venture with Zhaojin Mining subsidiary
The Statistics:
As of close of business: 11/27/2017
Gold Warehouse Stocks: | 8,914,844.991 | +38,446.996 |
Silver Warehouse Stocks: | 233,685,458.379 | +599,629.40 |
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 | 842.206 | 27,077,754 | US$34,970m |
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$5,737m |
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$6,360m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.181 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.06: +1.19 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,863.86: No change from yesterday’s data.
The Miners:
WINNERS
1. Avino | ASM +1.55% $1.31 |
2. McEwen | MUX +1.53% $1.99 |
3. Americas Silver | USAS +1.11% $3.63 |
LOSERS
1. Alio Gold | ALO -3.18% $3.04 |
2. Tahoe Resources | TAHO -2.65% $4.40 |
3. New Gold | NGD -2.52% $3.10 |
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: Tuesday, 28 November 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Dips and Silver Slips
