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Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Stocks Drop Over 3%
By: Chris Mullen, Gold Seeker Report

 -- Published: Tuesday, 4 December 2018 | Print  | Disqus 

Please Note: Most US markets will be closed tomorrow for a national day of mourning.


“Meanwhile, futures giant CME Group CME will shut down trading of interest-rate and futures and options products for the day, though electronic trading and trading in energy and metals futures will have a regular session, including those for oil and gold. “We are deeply saddened by the passing of President George H.W. Bush,” wrote CME Group Chairman and Chief Executive Officer Terry Duffy, in a Sunday news release.”




















JSE Gold































The Metals:


Gold gained $11 to $1241.80 by a little after 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.6%. Silver rose to as high as $14.663 and ended with a gain of 1.04%.


Euro gold climbed above €1092, platinum lost $4 to $800, and copper dropped 3 cents to about $2.75.


Gold and silver equities rose roughly 1% at the open and remained near that level for the rest of the day.


The Economy:


Trump: if no China trade deal possible, "I am a Tariff Man"  Reuters

Fed's Williams expects further U.S. rate increases into next year  Reuters

McConnell says lawmakers will avoid government shutdown  MarketWatch

Key yield curve hits flattest in 11 years; 3-year and 5-year note invert for first time since 2007  MarketWatch

As Trump touts trade war truce, China holds its tongue  Reuters


Tomorrow brings the fed’s Beige Book.


The Markets:


Oil ended with a modest gain on continuing conversations about output cuts.


The U.S. dollar index traded mostly lower on fears of slowing economic growth that sent treasuries higher and the Dow, Nasdaq, and S&P over 3% lower.


Among the big names making news in the market today were Toll Brothers, GM, Thomson Reuters, and Apple.


GATA Posts:



Jay Taylor: GATA has proved gold market manipulation, and here's more proof

Turk, Lassonde startled by fall in metals' open interest, hinting at trend change

Here's how Europe plans to challenge the U.S. dollar's dominance


The Statistics:

As of close of business: 12/3/2018

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 3.529 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.75: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 10,005.56: No change from yesterday’s data.


The Miners:




DRD +6.00% $2.12

2.  Harmony

HMY +5.96% $1.60

3.  Gold Fields

GFI +3.69% $3.09



1.  Freeport

FCX -4.88% $11.50

2.  Silvercorp

SVM -4.43% $1.94

3.  Hecla

HL -3.66% $2.37

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.


- Chris Mullen, Gold Seeker Report


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© Gold Seeker 2018

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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