-- Published: Thursday, 7 December 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1247.80 | -$16.80 |
Silver | $15.73 | -$0.25 |
XAU | 76.46 | +0.05% |
HUI | 176.44 | -0.04% |
GDM | 600.00 | -0.16% |
JSE Gold | 1278.46 | +10.76 |
USD | 93.77 | +0.20 |
Euro | 117.75 | -0.20 |
Yen | 88.49 | -0.71 |
Oil | $56.69 | +$0.73 |
10-Year | 2.358% | +0.029 |
T-Bond | 154.40625 | -0.75 |
Dow | 24211.48 | +0.29% |
Nasdaq | 6812.84 | +0.54% |
S&P | 2636.98 | +0.29% |
The Metals:
Gold fell throughout most of world trade and ended near its late session low of $1244.00 with a loss of 1.33%. Silver slipped to as low as $15.64 and with a loss of 1.56%.
Euro gold fell to about €1060, platinum lost $8 to $892, and copper remained at about $2.95.
Gold and silver equities fell over 1% at the open before they quickly rebounded to find slight gains for the rest of the morning and then drifted back lower in midafternoon trade, but they then edged back higher in the last half hour and ended near unchanged on the day.
The Economy:
Fed's Evans floats idea of waiting until next summer to raise interest rates MarketWatch
Jobless Claims at Five-Week Low Show Resilient U.S. Job Market Bloomberg
Gross warns Fed should be 'more cautious' amid investor bond binge Reuters
Consumer credit accelerated in October by largest amount in 11 months MarketWatch
Tomorrow brings November’s jobs data, Consumer Sentiment, and Wholesale Trade.
The Markets:
Oil gained over 1% on concerns about a threatened strike in Nigeria.
The U.S. dollar index rose and treasuries fell as the Dow, Nasdaq, and S&P found decent gains on prospects for tax overhaul.
Among the big names making news in the market today were Sage Therapeutics, Bitcoin, Alibaba, Ford, Sears, Johnson Controls, GE, and Dollar General.
GATA Posts:
Wall Street banks push back on launch of bitcoin futures
Bill Murphy: Rocketing bitcoin highlights gold and silver suppression
Traders on billion-dollar crypto exchange say they can't withdraw money
Russian finance ministry suggests outlawing crypto mining
Bitcoin mining service NiceHash says hackers emptied its wallet
The Statistics:
As of close of business: 12/6/2017
Gold Warehouse Stocks: | 8,906,586.808 | - |
Silver Warehouse Stocks: | 240,315,812.445 | +612,315.625 |
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 | 845.468 | 27,182,657 | US$34,112m |
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$5,566m |
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$6,153m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$447m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.58: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,006.40: No change from yesterday’s data.
The Miners:
WINNERS
1. Eldorado | EGO +3.57% $1.16 |
2. Freeport | FCX +3.41% $14.84 |
3. Turquoise | TRQ +2.39% $3.00 |
LOSERS
1. Americas Silver | USAS -4.13% $3.43 |
2. Fortuna | FSM -3.46% $4.19 |
3. Avino | ASM -3.35% $1.15 |
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: Thursday, 7 December 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Again But Miners Hold
