• Gold: 1,261.19 5.39
  • Silver: 16.12 0.08
  • Euro: 1.178 0.003
  • USDX: 93.69 -0.242
  • Oil: 57.23 -0.03

November 27: Gold and Silver Gain While Oil Falls

Chris Mullen
|
Monday, November 27th

 

Close

Gain/Loss

Gold

$1293.80

+$5.90

Silver

$17.05

+$0.02

XAU

81.48

+0.44%

HUI

190.34

+1.15%

GDM

640.10

+0.61%

JSE Gold

1441.50

-19.00

USD

92.91

+0.15

Euro

119.01

-0.27

Yen

90.10

+0.39

Oil

$58.11

-$0.84

10-Year

2.332%

-0.010

T-Bond

154.25

UNCH

Dow

23580.78

+0.10%

Nasdaq

6878.52

-0.15%

S&P

2601.42

-0.04%

 
http://www.goldseek.com/news/2017/2017-11-27_14-06-02.jpg

 

The Metals:

 

Gold gained $11.30 to as high as $1299.20 in morning New York trade before it drifted back lower in afternoon trade, but it still ended with a gain of 0.46%. Silver rose to as high as $17.174 and ended with a gain of 0.12%.

 

Euro gold rose above €1087, platinum gained $6 to $946, and copper fell 4 cents to about $3.13.

 

Gold and silver equities rose roughly 1% by late morning and remained near that level into the close.

 

The Economy:

 

U.S. New-Home Sales Unexpectedly Climb to Highest in a Decade  Bloomberg

 

Tomorrow brings International Trade in Goods, S&P Corelogic Case-Shiller HPI, and Consumer Confidence.

 

 

The Markets:

 

Oil fell over 1% on uncertainty over the conclusions from OPEC’s meeting this week.

 

The U.S. dollar index edged higher and treasuries traded mixed as the Dow, Nasdaq, and S&P erased early gains and ended near unchanged ahead of a busy economic week.

 

Among the big names making news in the market today were Keurig, Bitcoin, Google, Keystone, and Meredith and Time.

 

GATA Posts:

 

 

Dave Kranzler: Bitcoin's inconvenient truths -- The silence is deafening

Unknown traders gain influence in commodities markets

BRICS countries mull forming single gold trade system

Gold CEO Bristow lashes out against his industry

Ted Butler: Life under manipulation

 

The Statistics:

As of close of business: 11/24/2017

Gold Warehouse Stocks:

8,876,397.995

-

Silver Warehouse Stocks:

233,085,828.979

-

 

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$35,102m

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$5,758m

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$6,366m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$464m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 239.87: +1.50 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,863.86: -29.35 change from yesterday’s data.

 

The Miners:

 

Gold Resource’s (GORO) dividend, Vista Gold’s (VGZ) metallurgical testing program, Silver Bear’s (SBR.TO) sampling results, Santacruz Silver’s (SCZ.V) COO appointment, and SilverCrest’s (SIL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +8.00% $1.35

2.  Alexco

AXU +5.88% $1.44

3.  Harmony

HMY +3.91% $1.86

 

LOSERS

1.  Americas Silver

USAS-5.28% $3.59

2.  Northern Dynasty

NAK -4.35% $1.98

3.  Eldorado

EGO -4.07% $1.18

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

© Gold Seeker 2017

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