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Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 3% and 4% on the Week
By: Chris Mullen, Gold Seeker Report

 -- Published: Friday, 8 December 2017 | Print  | Disqus 





On Week





















JSE Gold









































The Metals:


Gold edged up to $1249.60 in Asia before it dropped back to $1244.20 just after this morning’s jobs data was released, but it quickly popped back up to $1252.30 by midmorning and ended with a gain of 0.01%. Silver rose to as high as $15.894 and ended with a gain of 0.7%.


Euro gold rose to about €1061, platinum lost $7 to $885, and copper climbed a penny to about $2.96.


Gold and silver equities rose roughly 1% at the open before they drifted back towards unchanged by early afternoon, but they then bounced back higher into the close and ended with modest gains.


The Economy:


U.S. wholesale inventories fall as sales rise solidly  Reuters

Sour on tax reform, U.S. consumer sentiment edges down to three-month low  MarketWatch

U.S. job growth strong in November, wages rebound  Reuters

U.S. Payrolls Rise 228,000 While Wages Gain Less Than Forecast  Bloomberg


The Markets:


Oil rose over 1% on geopolitical concerns and strong Chinese imports.


The U.S. dollar index edged higher and treasuries traded mixed as the Dow, Nasdaq, and S&P rose on mostly better than expected jobs data.


Among the big names making news in the market Friday were Kinder Morgan Canada, CVS/Aetna, Monsanto, Denali Therapeutics, Bitcoin, and Teva Pharmaceutical.


GATA Posts:



James Howard Kunstler: Bitcoin has replaced gold as the alarm

Sharps Pixley's Williams cites Ted Butler and GATA's Ed Steer

Insider manipulation of bitcoin price may be legal

Stunning swings in bitcoin promise start-and-stop futures sessions

Reuters mentions 'central bank manipulation'


The Statistics:

Activity from: 12/7/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




 Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.657 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.12: +0.54 change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,041.63: +35.23 change from yesterday’s data.


The Miners:



1.  First Majestic

AG +3.34% $6.49

2.  Paramount

PZG +3.23% $1.28

3.  Hecla

HL +3.18% $3.57



1.  Taseko

TGB -3.43% $1.97

2.  Great Panther

GPL -2.65% $1.10


DRD -2.36% $2.90

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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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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.


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