• 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 30: Gold and Silver Fall Again

Chris Mullen
|
Thursday, November 30th

 

Close

Gain/Loss

Gold

$1274.70

-$10.40

Silver

$16.43

-$0.13

XAU

79.42

-0.29%

HUI

185.30

-0.30%

GDM

622.62

-0.66%

JSE Gold

1453.22

+7.21

USD

93.02

-0.22

Euro

119.06

+0.51

Yen

88.91

-0.55

Oil

$57.40

+$0.10

10-Year

2.419%

+0.034

T-Bond

152.78125

-0.53125

Dow

24272.35

+1.39%

Nasdaq

6873.97

+0.73%

S&P

2647.58

+0.82%

 
http://www.goldseek.com/news/2017/2017-11-30_14-06-33.jpg

 

The Metals:

 

Gold fell $14.70 to $1270.40 in early afternoon New York trade before it bounced back higher into the close, but it still ended with a loss of 0.81%. Silver slipped to as low as $16.314 and ended with a loss of 0.79%.

 

Euro gold fell to about €1071, platinum gained $1 to $938, and copper remained at about $3.04.

 

Gold and silver equities traded mixed and ended with modest losses.

 

The Economy:

 

Chicago PMI slips in November to three-month low  MarketWatch

U.S. Consumer Spending Cools While Inflation May Encourage Fed  Bloomberg

U.S. jobless claims post second weekly decline  Reuters

 

Tomorrow brings PMI Manufacturing, ISM Manufacturing, and Construction Spending.

 

The Markets:

 

Oil edged higher in mixed trade after OPEC announced an extension to supply cuts.

 

The U.S. dollar index fell along with treasuries as the Dow, Nasdaq, and S&P climbed to new highs on more progress for the Senate’s tax bill.

 

Among the big names making news in the market today were Barnes & Noble, Sears, Verizon, and Kroger.

 

GATA Posts:

 

 

Coinbase loses bid to block U.S. tax probe of bitcoin gains

 

The Statistics:

As of close of business: 11/29/2017

Gold Warehouse Stocks:

8,914,844.991

-

Silver Warehouse Stocks:

235,905,885.652

+1,081,987.743

 

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

839.548

26,992,301

US$34,544m

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$5,664m

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$6,259m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$457m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 241.36: +0.30 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,863.86: No change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) priced notes and Hecla’s (HL) work in Montana were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +3.14% $1.97

2.  Alio Gold

ALO +2.05% $2.98

3.  Gold Fields

GFI +1.68% $4.23

 

LOSERS

1.  Alexco

AXU -5.00% $1.33

2.  DRDGOLD

DRD -4.80% $3.37

3.  Yamana

AUY -4.51% $2.54

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

 

- 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