• Gold: 1,222.98 0.07
  • Silver: 15.31 -0.01
  • Euro: 1.164 0.001
  • USDX: 95.162 0.129
  • Oil: 68.07 0.12

December 13: Gold and Silver Gain About 1% and 2%

Chris Mullen
|
Wednesday, December 13th

 

Close

Gain/Loss

Gold

$1255.20

+$10.80

Silver

$16.05

+$0.32

XAU

79.89

+3.89%

HUI

181.41

+3.68%

GDM

613.01

+2.97%

JSE Gold

1246.88

-21.63

USD

93.44

-0.60

Euro

118.27

+0.80

Yen

88.89

+0.77

Oil

$56.60

-$0.54

10-Year

2.345%

-0.059

T-Bond

154.8125

+1.03125

Dow

24585.43

+0.33%

Nasdaq

6875.80

+0.20%

S&P

2662.85

-0.05%

 
http://www.goldseek.com/news/2017/2017-12-13_14-50-59.jpg

 

The Metals:

 

Gold fell $4.20 to $1240.20 in London, but it then jumped to as high as $1256.80 in afternoon New York trade and ended with a gain of 0.87%. Silver surged to as high as $16.146 and ended with a gain of 2.03%.

 

Euro gold rose above €1061, platinum gained $5.50 to $884.50, and copper climbed 4 cents to about $3.04.

 

Gold and silver equities gained throughout most of the day and ended almost 4% higher on the day.

 

The Economy:

 

Fed lifts interest rates but sticks to go-slow approach as Yellen era nears end  MarketWatch

Fed lifts interest rates, keeps 2018 policy outlook unchanged  Reuters

Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End  Bloomberg

U.S. Inflation Picks Up on Energy Costs; Core Gauge Slows  Bloomberg

 

Tomorrow brings Initial Jobless Claims, Retail Sales, Import and Export Prices, and Business Inventories.

 

The Markets:

 

Oil dropped 1% after the Energy Information Administration reported that crude inventories fell 5.1 million barrels, gasoline inventories rose 5.7 million barrels, and distillates fell 1.4 million barrels.

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P pared early gains and ended mixed after the fed failed to increase its forecast for the number of interest rate hikes next year.

 

Among the big names making news in the market today were T-Mobile, Target, and Google.

 

GATA Posts:

 

 

Eric Sprott interviewed by Bullion Star at Australia's Precious Metals Investment Symposium

 

The Statistics:

As of close of business: 12/12/2017

Gold Warehouse Stocks:

8,966,067.308

-16,075.00

Silver Warehouse Stocks:

240,961,485.035

+604,207.97

 

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

842.811

27,097,213

US$33,667m

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$5,532m

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$6,115m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.84: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,161.96: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  First Majestic

AG +11.03% $7.35

2.  Silvercorp

SVM +10.92% $2.54

3.  Endeavour Silver

EXK +10.10% $2.29

 

LOSERS

1.  Paramount

PZG -0.80% $1.24

2.  New Gold

NGD -0.33% $2.99

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

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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