-- Published: Monday, 26 November 2018 | Print | Disqus
| Close | Gain/Loss |
Gold | $1222.50 | -$0.30 |
Silver | $14.25 | +$0.01 |
XAU | 64.73 | -0.83% |
HUI | 146.62 | -0.81% |
GDM | 536.53 | -0.64% |
JSE Gold | 1127.24 | -13.59 |
USD | 97.05 | +0.14 |
Euro | 113.34 | +0.05 |
Yen | 88.76 | UNCH |
Oil | $51.63 | +$1.21 |
10-Year | 3.067% | +0.028 |
T-Bond | 139.8125 | -0.1875 |
Dow | 24640.24 | +1.46% |
Nasdaq | 7081.85 | +2.06% |
S&P | 2673.45 | +1.55% |
The Metals:
Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it ended with a loss of just 0.02%. Silver climbed up to $14.435 before it fell back to as low as $14.226 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.07%.
Euro gold rose above €1078, platinum remained at $842, and copper dipped to $2.76.
Gold and silver equities rose nearly 2% in the first twenty minutes of trade, but they then drifted back lower for most of the rest of the day and ended almost 1% lower.
The Economy:
Here's what Fed officials are saying about the interest-rate outlook MarketWatch
Cyber Monday set to be biggest U.S. online shopping day in history MarketWatch
WTO's quarterly indicator suggests trade growth slowing further in fourth quarter Reuters
Here's what the climate change report says would happen to the economy if temperatures keep get hotter MarketWatch
Tomorrow brings Case-Shiller house prices and Consumer confidence.
The Markets:
Oil rose over 2% on growing expectations for production cuts.
The U.S. dollar index erased early losses and ended higher as the euro fell “after European Central Bank President Mario Draghi acknowledged slowing growth in the region.”
Treasuries fell as the Dow, Nasdaq, and S&P rose over 1% on hopes for strong holiday shopping sales.
Among the big names making news in the market today were Campbell Soup, Tesla, and GM.
GATA Posts:
Ohio will accept bitcoin for tax payments
Are these north Wales hills sitting on a gold mine?
Gold price hits record high in Pakistan as inflation looms
GATA chairman discusses confession by ex-JPM trader
Citigroup, JPMorgan to pay $182.5 million to settle rate-rigging lawsuit
Support GATA by subscribing to The Calandra Report
The Statistics:
As of close of business: 11/23/2018
Gold Warehouse Stocks: | 8,015,760.647 | - |
Silver Warehouse Stocks: | 292,437,036.501 | -627,041.826 |
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 | 762.920 | 24,528,630 | US$30,000m |
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$5,430m |
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$6,001m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$439m |
Note: Change in Total Tonnes from Wednesday’s data: SPDR added 2.059 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,109.24: No change from yesterday’s data.
The Miners:
Goldcorp’s (GG) work with IBM for a new AI Technology Solution, Newmont’s (NEM) commercial production declaration in Ghana, Seabridge Gold’s (SA) closed private placement, and Eldorado’s (EGO) updated Mineral Reserves and Resources were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Freeport | FCX +2.97% $11.09 |
2. Turquoise | TRQ +2.15% $1.90 |
3. Goldcorp | GG +1.49% $9.56 |
LOSERS
1. Americas Silver | USAS -8.55% $1.39 |
2. DRDGOLD | DRD -6.67% $2.10 |
3. Golden Star | GSS -6.23% $2.56 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Monday, 26 November 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Hold Steady While Stocks Bounce Back
