-- Published: Monday, 4 December 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1276.30 | -$4.40 |
Silver | $16.34 | -$0.11 |
XAU | 78.73 | -1.16% |
HUI | 182.78 | -1.65% |
GDM | 616.53 | -1.15% |
JSE Gold | 1386.89 | -47.20 |
USD | 93.17 | +0.26 |
Euro | 118.60 | -0.30 |
Yen | 88.94 | -0.31 |
Oil | $57.47 | -$0.89 |
10-Year | 2.372% | +0.009 |
T-Bond | 154.3125 | -0.0625 |
Dow | 24290.05 | +0.24% |
Nasdaq | 6775.37 | -1.05% |
S&P | 2639.44 | -0.11% |
The Metals:
Gold fell $8.90 to $1271.80 in Asia before it chopped back higher in London and New York, but it still ended with a loss of 0.34%. Silver slipped to as low as $16.245 and ended with a loss of 0.67%.
Euro gold fell to about €1076, platinum lost $14 to $924, and copper remained at about $3.07.
Gold and silver equities fell a little over 1% at the open and remained near that level for the rest of the day.
The Economy:
U.S. factory orders slip; core capital goods orders revised up Reuters
Fed rate expectations on the rise before tax cuts passed Senate: Reuters poll Reuters
U.S. Inflation Rebound Hasn't Been the Right Kind for This Fed Bloomberg
Tomorrow brings International Trade and ISM Non-Manufacturing.
The Markets:
Oil fell 1.5% on concerns about rising production from the US.
The U.S. dollar index rose and treasuries edged lower as the Dow ended higher on proposed tax cuts, but notable early gains were pared drastically and the Nasdaq fell markedly on a selloff in tech shares.
Among the big names making news in the market today were Prysmian and General Cable, CVS and Aetna, Riot Blockchain, and Bitcoin.
GATA Posts:
Russia-China bond market play could start a dollarless financial system
World Gold Council plans another ETF
CBOE and CME battle for bitcoin futures bragging rights
As brokers line up to offer bitcoin futures, others are quiet
UK plans crackdown on bitcoin
Brandon White: Where does the Bank of Canada stand on gold as an asset?
The Statistics:
As of close of business: 12/1/2017
Gold Warehouse Stocks: | 8,906,485.958 | -6,874.735 |
Silver Warehouse Stocks: | 239,261,217.319 | +2,179,289.116 |
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 | 848.112 | 27,267,639 | US$34,711m |
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$5,659m |
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$6,252m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$458m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 8.564 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.63: +0.27 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,928.44: +23.49 change from yesterday’s data.
The Miners:
B2Gold’s (BTG) commercial production achievement, Avino’s (ASM) TSX approval, and Endeavour Silver’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alio Gold | ALO +6.27% $3.05 |
2. Fortuna | FSM +1.43% $4.27 |
3. Freeport | FCX +1.35% $14.30 |
LOSERS
1. Coeur | CDE -6.14% $7.19 |
2. Americas Silver | USAS -4.66% $3.48 |
3. AngloGold | AU -4.35% $9.90 |
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
- 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: Monday, 4 December 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall With Tech Stocks
