Gold Seeker Closing Report: Gold and Silver Rise Roughly 1%
| Close | Gain/Loss |
Gold | $1230.80 | +$9.10 |
Silver | $14.37 | +$0.20 |
XAU | 65.84 | +2.14% |
HUI | 148.35 | +2.29% |
GDM | 540.63 | +1.67% |
JSE Gold | 1104.90 | +6.09 |
USD | 97.01 | -0.18 |
Euro | 133.48 | +0.28 |
Yen | 88.07 | -0.14 |
Oil | $52.95 | +$2.02 |
10-Year | 2.984% | -0.018 |
T-Bond | 141.3125 | +0.15625 |
Dow | 25826.43 | +1.13% |
Nasdaq | 7441.51 | +1.51% |
S&P | 2790.37 | +1.09% |
The Metals:
Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.74%. Silver rose to as high as $14.555 and ended with a gain of 1.41%.
Euro gold climbed above EUR1084, platinum gained $8 to $804, and copper remained at about $2.78.
Gold and silver equities jumped over 2% higher at the open before they fell back towards unchanged by midday, but they then rallied back higher in afternoon trade and ended near their highs of the session.
Trump-Xi meeting raises odds for trade deal between U.S. and China, Kudlow says MarketWatch
Construction spending dips as public works edge out home building MarketWatch
American manufacturers say orders surge despite tariffs, key shortages, ISM finds MarketWatch
U.S. November car sales surprise on upside Reuters
Congress heads to stopgap bill to avert government shutdown Reuters
Fed's Clarida: Current framework serving the Fed well Reuters
Fed's Quarles says interest rates will end up 'in range' of neutral MarketWatch
Tomorrow brings more fedspeak. US Markets and government offices will close for the funeral of former President George H.W. Bush on Wednesday.
The Markets:
Oil climbed 4% and the U.S. dollar index fell while treasuries rose along with the Dow, Nasdaq, and S&P after the US and China agreed to launch negotiations to reduce trade tensions.
Among the big names making news in the market today were Hasbro, Cronos, Tencent, and Qualcomm.
GATA Posts:
Fifth devaluation spurs Pakistan to mull new currency management
Russia nudges Indian policymakers to move away from the dollar
Lots of talk about gold but only a hint about manipulation
Bloomberg rationalizes government's commandeering the financial markets
Bullion Star's gold market charts for November look bullish
Venezuelan opposition leaders urge Bank of England not to give gold to Maduro
New York Sun: 'A much bigger problem than China'
The Statistics:
As of close of business: 11/30/2018
Gold Warehouse Stocks: | 8,020,709.144 | -600.628 |
Silver Warehouse Stocks: | 295,014,630.987 | -153,130.28 |
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 | 761.743 | 24,490,803 | US$30,120m |
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$5,480m |
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$6,057m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$442m |
Note: No change in Total Tonnes from yesterday's data.
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: -37.96 change from yesterday's data.
Goldcorp's (GG) dividend and Gold Resource's (GORO) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +5.00% $1.89 |
2. IAMGOLD | IAG +4.59% $3.19 |
3. Kinross | KGC +4.43% $2.83 |
LOSERS
1. EMX Royalty | EMX -2.51% $1.16 |
2. DRDGOLD | DRD -0.99% $2.00 |
3. Pretivm | PVG -0.14% $7.10 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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