• Gold: 1,279.99 -0.17
  • Silver: 17.00 -0.04
  • Euro: 1.177 0.000
  • USDX: 93.701 0.194
  • Oil: 52 0.39

November 18: Gold and Silver End Mixed

Chris Mullen
|
Wednesday, November 18th
 

Close

Gain/Loss

Gold

$1070.10

+$0.60

Silver

$14.17

-$0.04

XAU

45.48

+4.24%

HUI

108.05

+3.85%

GDM

372.19

+2.50%

JSE Gold

836.01

-22.07

USD

99.60

-0.02

Euro

106.55

+0.10

Yen

80.96

-0.06

Oil

$40.75

+$0.08

10-Year

2.269%

+0.008

T-Bond

153.8125

-0.03125

Dow

17737.16

+1.42%

Nasdaq

5075.20

+1.79%

S&P

2083.58

+1.62%

 
 

The Metals:

 

Gold edged up to $1072.67 at about 5AM EST before it dropped back to $1067.16 in the next few hours of trade, but it then rallied back higher in afternoon New York trade and ended with a gain of 0.06%. Silver slipped to as low as $14.04 before it also rebounded, but it still ended with a loss of 0.28%.

 

Euro gold remained at about €1005, platinum lost $5 to $846, and copper fell a couple of cents to about $2.08.

 

Gold and silver equities traded over 1% higher in the first half hour of trade before they fell to see about 1% losses by midday, but they then rallied back higher into the close and ended with about 3% gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Housing Starts

Oct

1060K

1173K

1191K

Building Permits

Oct

1150K

1137K

1105K

 

Mortgage applications rise 6.2% despite higher rates CNBC

More work to ensure large banks can be wound down: Fed's Dudley Reuters

 

Fed minutes show majority willing to raise interest rates in December MarketWatch

Fed officials again flag December; see smooth rates liftoff Reuters

Fed Inserted Language to Stress Potential for December Liftoff Bloomberg

 

Tomorrow brings Initial Jobless Claims, Leading Economic Indicators, and the Philadelphia Fed.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil waffled near unchanged and ended modestly higher on mixed inventory reports.

 

The U.S. dollar index traded mixed and treasuries saw slight losses both before and after today’s fed minutes.

 

The Dow, Nasdaq, and S&P rose on the outlook for a gradual pace to any interest rate increases.

 

Among the big names making news in the market today were Lowe’s, Square, Carlyle, Codelco, Teck, and Target.

 

The Statistics:

As of close of business: 11/17/2015

Gold Warehouse Stocks:

6,597,418.874

+7,362.34

Silver Warehouse Stocks:

160,951,998.492

-628,690.40

 

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

661.943

21,282,135

US$22,719m

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$4,744m

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$5,242m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$383m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 163.24: +0.75 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,867.78: No change from yesterday’s data.

 

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

- Chris Mullen, Gold Seeker Report

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