• Gold: 1,260.86 5.06
  • Silver: 16.12 0.08
  • Euro: 1.178 0.003
  • USDX: 93.711 -0.221
  • Oil: 57.21 -0.05

November 20: Gold and Silver Give Back Friday’s Gains

Chris Mullen
|
Monday, November 20th

 

Close

Gain/Loss

Gold

$1277.30

-$16.60

Silver

$16.93

-$0.35

XAU

80.01

-1.08%

HUI

185.80

-1.11%

GDM

626.20

-0.96%

JSE Gold

1378.06

-40.98

USD

94.09

+0.41

Euro

117.35

-0.58

Yen

88.89

-0.42

Oil

$56.09

-$0.46

10-Year

2.364%

+0.018

T-Bond

153.84375

+0.0625

Dow

23430.33

+0.31%

Nasdaq

6790.71

+0.12%

S&P

2582.14

+0.13%

 
http://www.goldseek.com/news/2017/2017-11-20_14-03-03.jpg

 

The Metals:

 

Gold fell throughout most of the morning in New York and ended near its early afternoon low of $1275.10 with a loss of 1.28%. Silver slipped to as low as $16.847 and ended with a loss of 2.03%.

 

Euro gold fell to about €1089, platinum lost $29 to $921, and copper climbed a couple of cents to about $3.09.

 

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

 

The Economy:

 

Yellen Says She'll Leave Fed Once Powell Sworn in as Chair  Bloomberg

Leading indicators double October expectations  CNBC

 

Tomorrow brings Existing Home Sales.

 

The Markets:

 

Oil fell almost 1% on uncertainty over how long OPEC’s production cuts will last.

 

The U.S. dollar index rose as the euro slid lower “on political risks linked to German Chancellor Angela Merkel’s failure to form a three-way coalition government.”

 

Treasuries traded mixed while the Dow, Nasdaq, and S&P found slight gains on mostly positive company news.

 

Among the big names making news in the market today were AT&T and Time Warner, Aurora, Volvo, Alibaba, and Marvell Technology and Cavium.

 

GATA Posts:

 

 

Zero Hedge: Gold drops to key support after $2 billion purge

These doomsday preppers are starting to switch from gold to bitcoin

Gold-based debit card Glintpay gets started

Monetary metals holding up well despite raids, Sprott says

 

 

The Statistics:

As of close of business: 11/17/2017

Gold Warehouse Stocks:

8,826,580.395

+100,410.676

Silver Warehouse Stocks:

231,687,132.659

+274,819.91

 

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$34,869m

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$5,710m

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$6,282m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$459m

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:

 

Seabridge Gold’s (SA) exploration program and Silver Bull’s (SVBL) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Silvercorp

SVM +2.22% $2.49

2.  Fortuna

FSM +1.64% $4.34

3.  Taseko

TGB +1.43% $2.13

 

LOSERS

1.  DRDGOLD

DRD -5.31% $3.57

2.  Alexco

AXU -4.45% $1.18

3.  B2Gold

BTG -4.00% $2.64

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 2017

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