• Gold: 1,293.87 0.20
  • Silver: 17.28 0.01
  • Euro: 1.178 -0.001
  • USDX: 93.662 0.049
  • Oil: 56.81 1.33

November 10: Gold and Silver End Slightly Higher on the Week

Chris Mullen
|
Friday, November 10th

 

Close

Gain/Loss

On Week

Gold

$1275.90

-$10.20

+0.46%

Silver

$16.89

-$0.12

+0.30%

XAU

80.60

-1.56%

-0.15%

HUI

187.04

-1.16%

+0.54%

GDM

626.93

-1.20%

+0.54%

JSE Gold

1460.11

+12.49

+5.31%

USD

94.38

-0.13

-0.59%

Euro

116.67

+0.24

+0.46%

Yen

88.02

-0.32

+0.39%

Oil

$56.74

-$0.43

+1.98%

10-Year

2.404%

+0.080

+3.09%

Bond

152.21875

-1.65625

-1.10%

Dow

23422.21

-0.17%

-0.50%

Nasdaq

6750.94

+0.01%

-0.20%

S&P

2582.30

-0.09%

-0.21%

 
http://www.goldseek.com/news/2017/2017-11-10_14-03-07.jpg

 

The Metals:

 

Gold saw only slight losses in Asia and London, but it then plummeted down to $1273.60 in early afternoon New York trade and ended with a loss of 0.79%. Silver slipped to as low as $16.798 and ended with a loss of 0.71%.

 

Mysterious 4 Million Ounces of Gold Trades Trigger Price Plunge

Bitcoin slides by over $1000 in less than 48 hours

 

Euro gold fell to about €1094, platinum lost $6.25 to $926.50, and copper dropped a penny to about $3.09.

 

Gold and silver equities fell roughly 1% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

U.S. Consumer Sentiment Unexpectedly Drops Amid Price Concerns  Bloomberg

 

Next week’s economic highlights include the Treasury Budget on Monday, PPI on Tuesday, CPI, Retail Sales, the Empire State Manufacturing Survey, Business Inventories, and Treasury International Capital on Wednesday, Initial Jobless Claims, the Philadelphia Fed, Import and Export Prices, Industrial Production, and the Housing Market Index on Thursday, and Housing Starts on Friday.

 

The Markets:

 

Oil fell almost 1% after Baker Hughes reported that U.S. energy companies added nine oil drilling rigs this week.

 

The U.S. dollar index remained weak and treasuries saw notable losses on uncertainty over tax policy that held the Dow, Nasdaq, and S&P mostly lower.

 

Among the big names making news in the market Friday were IBM, Pfizer, Uber, Disney, Nvidia, and McDonald’s.

 

GATA Posts:

 

 

Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold

Gold investors hold their nerve while stock markets fly

 

The Statistics:

Activity from: 11/9/2017

Gold Warehouse Stocks:

8,721,201.107

-964.50

Silver Warehouse Stocks:

229,956,880.333

-1,002.50

 

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

843.092

27,106,237

US$34,809m

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$5,666m

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$6,263m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$458m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 235.79: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,893.21: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Gold Standard

GSV +6.76% $1.58

2.  NOVAGOLD

NG +0.97% $4.16

3.  Nevsun

NSU +0.85% $2.37

 

LOSERS

1.  Fortuna

FSM -5.77% $4.08

2.  Eldorado

EGO -5.47% $1.21

3.  Alio Gold

ALO -3.79% $3.55

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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