• Gold: 1,263.04 7.24
  • Silver: 16.14 0.10
  • Euro: 1.180 0.005
  • USDX: 93.555 -0.377
  • Oil: 57.48 0.22

November 17: Gold and Silver Gain Over 1% and 2% on the Week

Chris Mullen
|
Friday, November 17th

 

Close

Gain/Loss

On Week

Gold

$1293.90

+$15.40

+1.41%

Silver

$17.28

+$0.20

+2.31%

XAU

80.88

+1.30%

+0.35%

HUI

187.89

+1.13%

+0.45%

GDM

632.24

+0.72%

+0.85%

JSE Gold

1419.04

-0.46

-2.81%

USD

93.68

-0.24

-0.74%

Euro

117.93

+0.25

+1.08%

Yen

89.31

+0.75

+1.47%

Oil

$56.55

+$1.41

-0.33%

10-Year

2.346%

-0.023

-2.41%

Bond

154.00

+0.4375

+1.17%

Dow

23358.24

-0.43%

-0.27%

Nasdaq

6782.79

-0.15%

+0.47%

S&P

2578.85

-0.26%

-0.13%

 
http://www.goldseek.com/news/2017/2017-11-17_15-40-39.jpg

 

The Metals:

 

Gold saw only slight gains in Asia and London, but it then climbed steadily higher throughout most of trade in New York and ended near its early afternoon high of $1296.70 with a gain of 1.21%. Silver rose to as high as $17.371 and ended with a gain of 1.17%.

 

Euro gold rose to about €1098, platinum gained $20 to $950, and copper climbed a couple of cents to about $3.07.

 

Gold and silver equities gained roughly 1% by midday and remained near that level into the close.

 

The Economy:

 

U.S. Home Starts Reach Highest Level in a Year, Permits Rise  Bloomberg

 

The Markets:

 

Oil gained nearly 3% “as Saudi Arabia moved to dissipate doubts that Russia is ready to extend output curbs.”

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P dropped on concerns about the economy and taxes.

 

Among the big names making news in the market Friday were GE, Abercrombie & Fitch, Tesla, Airbnb, and Comcast, Verizon, and Twenty-First Century Fox.

 

GATA Posts:

 

 

Jim Rickards: Gold is rising despite threat of higher interest rates

Gillian Tett: Prepare to bet against bitcoin as it becomes civilized

Bitcoin is the new crisis currency

 

The Statistics:

Activity from: 11/16/2017

Gold Warehouse Stocks:

8,726,169.719

-6,026.01

Silver Warehouse Stocks:

231,412,312.749

-253,228.67

 

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

843.387

27,115,733

US$34,820m

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$5,723m

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$6,323m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$464m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 237.30: No change from yesterday’s data.

 

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

 

The Miners:

 

Freeport’s (FCX) continued violence in Indonesia and MAG Silver’s (MAG) private placement were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Alexco

AXU +5.56% $1.24

2.  Taseko

TGB +5.53% $2.10

3.  Eldorado

EGO +5.00% $1.26

 

LOSERS

1.  Northern Dynasty

NAK -4.50% $2.12

2.  Hecla

HL -2.02% $3.88

3.  Gold Standard

GSV -0.68% $1.47

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

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