• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

November 24: Gold and Silver Close with Modest Losses but Miners Gain on the Week

Chris Mullen
|
Friday, November 24th

 

Close

Gain/Loss

On Week

Gold

$1287.90

-$3.50

-0.46%

Silver

$17.03

-$0.11

-1.45%

XAU

81.11

-0.78%

+0.28%

HUI

188.18

-0.70%

+0.15%

GDM

636.03

-0.17%

+0.60%

JSE Gold

1460.50

+8.98

+2.92%

USD

92.76

-0.50

-0.98%

Euro

119.28

+1.04

+1.14%

Yen

89.71

-0.29

+0.45%

Oil

$58.82

+$0.80

+4.01%

10-Year

2.342%

+0.021

-0.17%

Bond

154.28125

-0.46875

+0.18%

Dow

23557.99

+0.14%

+0.86%

Nasdaq

6889.16

+0.32%

+1.57%

S&P

2602.12

+0.21%

+0.91%

 
http://www.goldseek.com/news/2017/11-24.jpg

 

The Metals:

 

Gold jumped up to $1293.40 in holiday thinned trade yesterday before it drifted back to $1286.10 in London today, but it then bounced back higher in New York and ended with a loss of just 0.27%. Silver slipped to as low as $16.985 and ended with a loss of 0.64%.

 

Euro gold fell to about €1080, platinum gained $3 to $940, and copper climbed 3 cents to about $3.17.

 

Gold and silver equities waffled near unchanged and ended slightly lower.

 

The Economy:

 

The GOP Tax Plan Is Entering Its Make-or-Break Week  Bloomberg

IHS Markit says U.S. economy cools a bit in November  MarketWatch

Shares of retailers rise as shoppers hunt for deals on Black Friday  Reuters

 

Next week’s economic highlights include New Home Sales on Monday, International Trade in Goods, S&P Corelogic Case-Shiller HPI, and Consumer Confidence on Tuesday, GDP, Pending Home Sales Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Personal Income and Outlays, and Chicago PMI on Thursday, and PMI Manufacturing, ISM Manufacturing, and Construction Spending on Friday.

 

The Markets:

 

Oil gained over 1% “as OPEC and Russia were said to have crafted the outline of a deal to extend their oil production cuts to the end of next year.”

 

The U.S. dollar index fell as the euro continued higher on strong economic data.

 

Treasuries fell as the Dow, Nasdaq, and S&P followed retail stocks higher.

 

Among the big names making news in the market Friday were CBS, Dish, Nutanix, Tesla, BMW, and Uber.

 

GATA Posts:

 

 

Bitcoin is paving the way for gold's return as global currency, fund manager says

 

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$5,723m

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$6,323m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$462m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 238.37: +0.59 change from yesterday’s data.

 

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

 

The Miners:

 

WINNERS

1.  Alexco

AXU +4.62% $1.36

2.  Paramount

PZG +3.31% $1.25

3.  Nevsun

NSU +1.67%$2.44

 

LOSERS

1.  Avino

ASM -5.19% $1.28

2.  Tahoe Resources

TAHO-5.08% $4.48

3.  Alamos

AGI -4.45% $6.65

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

 

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

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

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

No votes yet

Article Comments

Sponsored Links

Live SilverSeek Map