• Gold: 1,274.89 -0.51
  • Silver: 16.32 0.02
  • Euro: 1.159 0.001
  • USDX: 94.952 -0.074
  • Oil: 65.62 0.67

December 14: Gold and Silver End Slightly Lower

Chris Mullen
|
Thursday, December 14th

 

Close

Gain/Loss

Gold

$1253.00

-$2.20

Silver

$15.90

-$0.15

XAU

79.68

-0.26%

HUI

180.27

-0.63%

GDM

613.11

+0.01%

JSE Gold

1227.80

-19.08

USD

93.53

+0.09

Euro

117.86

-0.41

Yen

89.08

+0.19

Oil

$57.04

+$0.44

10-Year

2.351%

+0.006

T-Bond

155.15625

+0.34375

Dow

24508.66

-0.31%

Nasdaq

6856.53

-0.28%

S&P

2652.01

-0.41%

 
http://www.goldseek.com/news/2017/2017-12-14_14-02-00.jpg

 

The Metals:

 

Gold gained $3.90 to $1259.10 in early Asian trade before it fell back to $1250.60 by midmorning in New York, but it then chopped back higher into the close and ended with a loss of just 0.18%. Silver slipped to as low as $15.829 and ended with a loss of 0.93%.

 

Euro gold rose above €1063, platinum lost $4.50 to $880, and copper climbed a couple of cents to about $3.06.

 

Gold and silver equities fell over 1% in the first half hour of trade, but they then bounced back higher for most of the rest of the day and ended mixed.

 

The Economy:

 

Mortgage rates tick down  MarketWatch

U.S. business inventories fall in October as sales rise  Reuters

U.S. Import Prices Climb 0.7% In November  Nasdaq

U.S. jobless claims fall in latest week  Reuters

U.S. Retail Sales Jumped in November in Broad-Based Advance  Bloomberg

 

Tomorrow brings Empire State Manufacturing, Industrial Production, and Treasury International Capital.

 

 

The Markets:

 

Oil ended almost 1% higher in mixed trade on concerns about the pipeline outage in Britain.

 

The U.S. dollar index traded mostly higher on better than expected economic data.

 

Treasuries rose as the Dow, Nasdaq, and S&P turned lower in afternoon trade on renewed concerns about the passage of a tax overhaul package.

 

Among the big names making news in the market today were Spotify, Teva, Nvidia, AMD, Vantiv, Disney-Fox, T-Mobile, Target, and Google.

 

GATA Posts:

 

 

Hope for the day of deliverance but avoid predicting it

 

The Statistics:

As of close of business: 12/13/2017

Gold Warehouse Stocks:

9,083,905.974

+117,838.666

Silver Warehouse Stocks:

239,752,349.505

-1,209,135.53

 

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

844.287

27,144,679

US$33,953m

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$5,567m

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$6,151m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$450m

 Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.476 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.84: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,194.24: +32.28 change from yesterday’s data.

 

The Miners:

 

Alamos Gold’s (AGI) positive feasibility study, Paramount’s (PZG) AGM results, Kinross Gold’s (KGC) expanded operations in Alaska, Sibanye’s (SGL.SJ) plans to buy Lonmin Plc (LON.SJ), Excellon’s (EXN.TO) exploration program, and Coeur’s (CDE) exploration update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Gold Standard

GSV +7.38% $1.60

2.  Northern Dynasty

NAK +5.97% $2.13

3.  Sandstorm

SAND +3.74% $4.72

 

LOSERS

1.  Alamos Gold

AGI -3.30% $6.15

2.  Taseko

TGB -2.91% $2.00

3.  AngloGold

AU -2.86% $9.16

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