Gold Seeker Closing Report: Gold and Silver Gain with Oil
Please Note: US markets are closed tomorrow for Thanksgiving and will close early on Friday.
| Close | Gain/Loss |
Gold | $1225.30 | +$2.90 |
Silver | $14.48 | +$0.16 |
XAU | 67.20 | +3.12% |
HUI | 151.58 | +2.98% |
GDM | 551.76 | +2.35% |
JSE Gold | 1149.02 | +5.37 |
USD | 96.73 | -0.08 |
Euro | 113.84 | +0.16 |
Yen | 88.76 | UNCH |
Oil | $54.63 | +$1.20 |
10-Year | 3.059% | +0.003 |
T-Bond | 139.875 | -0.15625 |
Dow | 24464.69 | -0.00% |
Nasdaq | 6972.25 | +0.92% |
S&P | 2649.93 | +0.30% |
The Metals:
Gold saw slight losses in early Asian trade, but it then rose to as high as $1230.10 by midmorning in New York and ended with a gain of 0.24%. Silver rose to as high as $14.554 and ended with a gain of 1.12%.
Euro gold rose above EUR1076, platinum gained $3 to $843, and copper climbed 3 cents to about $2.79.
Gold and silver equities rose roughly 3% by early afternoon and remained near that level for the rest of the day.
$9 trillion corporate debt bomb is 'bubbling' in the US economy CNBC
Existing-home sales stage their first increase in six months in October MarketWatch
U.S. economy still on growth path, leading indicators show, but expansion likely to moderate MarketWatch
U.S. core capital goods orders flat; jobless claims rise Reuters
Consumer sentiment slides in November as Americans expect less future income CNBC
The Markets:
Oil rose over 2% on expectations for an output cut from major oil producers next month.
The U.S. dollar index pared yesterday's notable gain as the euro rose on hopes for a resolution of Italy's budget proposals.
Treasuries edged lower as the Dow, Nasdaq, and S&P mostly rose on better than expected news from a variety of retailers.
Among the big names making news in the market today were Foot Locker, Gap, Facebook, Nvidia, Renault, and SpaceX.
GATA Posts:
Ronan Manly: LBMA 'trading data' is empty, suggests removal of central bank activity
JPMorgan metals rigging probe prompts U.S. to seek delay in civil suit
London gold market comes clean: It's not as big as thought
The Statistics:
As of close of business: 11/20/2018
Gold Warehouse Stocks: | 8,015,760.647 | - |
Silver Warehouse Stocks: | 292,425,564.717 | -286,335.973 |
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(R) Gold Shares | 760.861 | 24,462,429 | US$29,987m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,451m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,024m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$440m |
Note: No change in Total Tonnes from yesterday's data.
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: +17.53 change from yesterday's data.
WINNERS
1. Turquoise | TRQ +7.69% $1.96 |
2. IAMGOLD | IAG +6.37% $3.34 |
3. First Majestic | AG +6.11% $5.56 |
LOSER
1. Buenaventura | BVN-1.17% $14.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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