• Gold: 1,421.05 2.39
  • Silver: 15.45 0.01
  • Euro: 1.140 0.000
  • USDX: 95.992 -0.228
  • Oil: 57.83 0.22

November 19: Gold and Silver End Slightly Lower

Chris Mullen
|
Tuesday, November 19th
 

Close

Gain/Loss

Gold

$1273.40

-$0.30

Silver

$20.32

-$0.09

XAU

90.75

+0.03%

HUI

222.13

-0.10%

GDM

652.46

+0.00%

JSE Gold

1273.17

-32.31

USD

80.66

-0.08

Euro

135.36

+0.28

Yen

99.86

-0.20

Oil

$93.34

+$0.31

10-Year

2.712%

+0.034

T-Bond

132.53125

-0.46875

Dow

15967.03

-0.06%

Nasdaq

3931.55

-0.44%

S&P

1787.87

-0.20%

 
 

The Metals:

 

Gold dipped $4.55 to $1269.15 by a little after 6AM EST before it climbed to as high as $1278.76 in morning New York trade, but it then dropped back off midday and ended with a loss of 0.02%. Silver slipped to $20.219 before it bounced back to $20.493, but it then fell back off in late trade and ended with a loss of 0.44%.

 

Euro gold fell towards €940, platinum gained $9 to $1416, and copper rose slightly to about $3.16.

 

Gold and silver equities waffled near unchanged and ended mixed.

The Economy:

 

Report

For

Reading

Expected

Previous

Employment Cost Index

Q3

0.4%

0.5%

0.5%

 

Bernanke has a speech tonight at 7PM EST. Tomorrow brings Retail Sales, CPI, Existing Home Sales, Business Inventories, and FOMC Minutes.

 

The Markets:

 

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

 

Oil edged higher as the U.S. dollar index erased early gains and ended lower on comments from the ECB:

 

ECB Vice President Vitor Constancio said that while so-called quantitative easing is still a possibility, the central bank has not discussed how quantitative easing would be implemented on a technical level, according to reports. His remarks come nearly a week after Peter Praet, a member of the ECB’s executive board, told The Wall Street Journal that asset purchases and negative interest rates were still options, adding that additional stimulus isn’t necessary right now.

 

Treasuries saw modest losses as the Dow, Nasdaq, and S&P waffled near unchanged ahead of tomorrow’s economic data.

 

Among the big names making news in the market today were Amazon, Home Depot, and Best Buy.

 

GATA Posts:

 

 

Australian interview of GATA secretary covers gold market manipulation

NYPost's John Crudele: Census 'faked' 2012 jobs report

 

The Statistics:

As of close of business: 11/18/2013

Gold Warehouse Stocks:

7,192,118.628

+1,099.95

Silver Warehouse Stocks:

168,486,954.168

-121,517.00

 

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

864.512

27,794,938

US$35,450m

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$5,662m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$457m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.77

1,342,915

US$1,756m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.201 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 172.21: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,404.87: +No change from yesterday’s data.

 

The Miners:

 

Almaden’s (AAU) drill results, Alamos Gold’s (AGI) new website, and Golden Star’s (GSS) management change were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Turquoise Hill

TRQ +6.40% $4.32

2. Pretivm

PVG +2.35% $3.05

3. First Majestic

AG +1.99% $10.23

LOSERS

1. Northern Dynasty

NAK -3.97% $1.21

2. Rubicon

RBY -3.17% $1.22

3. Allied Nevada

ANV -2.96% $3.60

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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© Gold Seeker 2013

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