• Gold: 1,243.19 0.05
  • Silver: 14.57 0.02
  • Euro: 1.132 -0.000
  • USDX: 97.388 0.289
  • Oil: 51.97 1.11

November 21: Gold and Silver Gain with Oil

Chris Mullen
|
Wednesday, November 21st

Please Note: US markets are closed tomorrow for Thanksgiving and will close early on Friday.

 

 

Close

Gain/Loss

Gold

$1225.30

+$2.90

Silver

$14.48

+$0.16

XAU

67.20

+3.12%

HUI

151.58

+2.98%

GDM

551.76

+2.35%

JSE Gold

1149.02

+5.37

USD

96.73

-0.08

Euro

113.84

+0.16

Yen

88.76

UNCH

Oil

$54.63

+$1.20

10-Year

3.059%

+0.003

T-Bond

139.875

-0.15625

Dow

24464.69

-0.00%

Nasdaq

6972.25

+0.92%

S&P

2649.93

+0.30%

 
http://www.goldseek.com/news/2018/2018-11-21_14-05-27.jpg

 

The Metals:

 

Gold saw slight losses in early Asian trade, but it then rose to as high as $1230.10 by midmorning in New York and ended with a gain of 0.24%. Silver rose to as high as $14.554 and ended with a gain of 1.12%.

 

Euro gold rose above €1076, platinum gained $3 to $843, and copper climbed 3 cents to about $2.79.

 

Gold and silver equities rose roughly 3% by early afternoon and remained near that level for the rest of the day.

 

The Economy:

 

$9 trillion corporate debt bomb is 'bubbling' in the US economy  CNBC

Existing-home sales stage their first increase in six months in October  MarketWatch

U.S. economy still on growth path, leading indicators show, but expansion likely to moderate  MarketWatch

U.S. core capital goods orders flat; jobless claims rise  Reuters

Consumer sentiment slides in November as Americans expect less future income  CNBC

 

The Markets:

 

Oil rose over 2% on expectations for an output cut from major oil producers next month.

 

The U.S. dollar index pared yesterday’s notable gain as the euro rose on hopes for a resolution of Italy’s budget proposals.

 

Treasuries edged lower as the Dow, Nasdaq, and S&P mostly rose on better than expected news from a variety of retailers.

 

Among the big names making news in the market today were Foot Locker, Gap, Facebook, Nvidia, Renault, and SpaceX.

 

GATA Posts:

 

 

Ronan Manly: LBMA 'trading data' is empty, suggests removal of central bank activity

JPMorgan metals rigging probe prompts U.S. to seek delay in civil suit

London gold market comes clean: It's not as big as thought

 

The Statistics:

As of close of business: 11/20/2018

Gold Warehouse Stocks:

8,015,760.647

-

Silver Warehouse Stocks:

292,425,564.717

-286,335.973

 

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

760.861

24,462,429

US$29,987m

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$5,451m

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$6,024m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$440m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,109.24: +17.53 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Turquoise

TRQ +7.69% $1.96

2.  IAMGOLD

IAG +6.37% $3.34

3.  First Majestic

AG +6.11% $5.56

 

LOSER

1.  Buenaventura

BVN-1.17% $14.30

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

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

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