-- 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.”
| Close | Gain/Loss |
Gold | $1238.20 | +$7.40 |
Silver | $14.52 | +$0.15 |
XAU | 66.16 | +0.49% |
HUI | 149.37 | +0.68% |
GDM | 546.19 | +1.01% |
JSE Gold | 1129.93 | +25.03 |
USD | 97.00 | -0.01 |
Euro | 113.40 | -0.08 |
Yen | 88.74 | +0.67 |
Oil | $53.25 | +$0.30 |
10-Year | 2.912% | -0.072 |
T-Bond | 142.96875 | +0.1875 |
Dow | 25027.07 | -3.10% |
Nasdaq | 7158.43 | -3.80% |
S&P | 2700.06 | -3.24% |
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: | 8,020,709.144 | - |
Silver Warehouse Stocks: | 293,865,591.418 | -1,149,038.569 |
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 | 758.214 | 24,377,329 | US$30,224m |
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$5,504m |
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$6,082m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$444m |
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:
WINNERS
1. DRDGOLD | DRD +6.00% $2.12 |
2. Harmony | HMY +5.96% $1.60 |
3. Gold Fields | GFI +3.69% $3.09 |
LOSERS
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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-- Published: Tuesday, 4 December 2018 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% While Stocks Drop Over 3%
