• Gold: 1,263.11 7.31
  • Silver: 16.14 0.10
  • Euro: 1.180 0.005
  • USDX: 93.549 -0.383
  • Oil: 57.54 0.28

November 22: Gold and Silver Gain About 1%

Chris Mullen
|
Wednesday, November 22nd

Please Note: US markets are closed tomorrow for Thanksgiving.

 

 

Close

Gain/Loss

Gold

$1291.40

+$11.60

Silver

$17.14

+$0.19

XAU

81.75

+1.35%

HUI

189.51

+1.45%

GDM

637.61

+1.16%

JSE Gold

1440.39

+48.55

USD

93.26

-0.72

Euro

118.24

+0.89

Yen

90.00

+0.98

Oil

$58.02

+$1.19

10-Year

2.321%

-0.038

T-Bond

154.50

+0.40625

Dow

23526.18

-0.27%

Nasdaq

6867.36

+0.07%

S&P

2597.08

-0.08%

 
http://www.goldseek.com/news/2017/2017-11-22_14-04-31.jpg

 

The Metals:

 

Gold saw only modest gains in Asia and London, but it then climbed steadily higher in New York and ended near its late session high of $1294.50 with a gain of 0.91%. Silver rose to as high as $17.162 and ended with a gain of 1.12%.

 

Euro gold rose to about €1093, platinum gained $7 to $937, and copper climbed a penny to about $3.14.

 

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

 

The Economy:

 

Fed policymakers say rate increase likely warranted soon: minutes  Reuters

Fed Signals December Hike Even as Debate on Prices Persists  Bloomberg

U.S. core capital goods orders drop; business spending strong  Reuters

Consumer sentiment in November was second-strongest in 13 years  MarketWatch

U.S. Business Equipment Orders Fall for First Time Since June  Bloomberg

U.S. jobless claims fall after two straight weekly increases  Reuters

 

Friday brings the flash Composite Purchasing Managers' Index.

 

The Markets:

 

Oil remained higher after the Energy Information Administration reported that crude inventories fell 1.9 million barrels, gasoline inventories were unchanged, and distillates rose 300,000 barrels.

 

The U.S. dollar index fell and treasuries rose while the Dow, Nasdaq, and S&P waffled near unchanged after minutes from the fed’s last meeting showed expectations for inflation to remain low.

 

Among the big names making news in the market today were Uber, Rockwell Automation, Hewlett Packard, and Deere.

 

GATA Posts:

 

 

S. African gold-mining firms allocate $361 million for lung disease settlement

 

The Statistics:

As of close of business: 11/21/2017

Gold Warehouse Stocks:

8,826,263.200

-

Silver Warehouse Stocks:

232,488,658.853

+1,029,261.79

 

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$34,888m

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$5,733m

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$6,335m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$463m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 237.78: +0.48 change from yesterday’s data.

 

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

 

The Miners:

 

Nevsun’s (NSU) lawsuit and Almaden’s (AAU) assay results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Eldorado

EGO +5.93% $1.25

2.  Tahoe Resources

TAHO +4.19% $4.72

3.  AngloGold

AU +3.56% $10.18

 

LOSERS

1.  Silvercorp

SVM -2.71% $2.51

2.  Northern Dynasty

NAK -1.90% $2.06

3.  Alexco

AXU -1.52% $1.30

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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