• Gold: 1,244.80 1.66
  • Silver: 14.62 0.07
  • Euro: 1.133 -0.000
  • USDX: 97.388 0.289
  • Oil: 52.23 0.26

December 15: Gold and Silver Gain Roughly 1% on the Week

Chris Mullen
|
Friday, December 15th

 

Close

Gain/Loss

On Week

Gold

$1255.80

+$2.80

+0.63%

Silver

$16.04

+$0.14

+1.26%

XAU

80.23

+0.68%

+4.29%

HUI

180.09

-0.10%

+1.64%

GDM

611.51

-0.24%

+1.79%

JSE Gold

1269.51

+41.71

-1.04%

USD

93.93

+0.40

+0.02%

Euro

117.56

-0.30

-0.08%

Yen

88.85

-0.23

+0.78%

Oil

$57.30

+$0.26

-0.10%

10-Year

2.350%

-0.001

-1.14%

Bond

155.50

+0.28125

+0.89%

Dow

24651.74

+0.58%

+1.33%

Nasdaq

6936.58

+1.17%

+1.41%

S&P

2675.81

+0.90%

+0.92%

 
http://www.goldseek.com/news/2017/2017-12-15_14-02-32.jpg

 

The Metals:

 

Gold gained $8.90 to $1261.90 by a little after 8AM EST before it dropped back to $1253.50 by late morning, but it then edged back higher into the close and ended with a gain of 0.22%. Silver rose to as high as $16.08 and ended with a gain of 0.88%.

 

Euro gold rose above €1068, platinum gained $10 to $890, and copper climbed 6 cents to about $3.12.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

U.S. industrial output increases 0.2 percent in November  Reuters

Empire State index slips for second month in December  MarketWatch

U.S. regulators ditch net neutrality rules as legal battles loom  Reuters

 

Next week’s economic highlights include Housing Starts and the Current Account on Tuesday, Existing Home Sales on Wednesday, Initial Jobless Claims, GDP, the Philadelphia Fed, the FHFA House Price Index, and Leading Indicators on Thursday, and Durable Goods Orders, Personal Income and Outlays, New Home Sales, and Consumer Sentiment on Friday.

 

The Markets:

 

Oil edged higher after Baker Hughes reported that the number of active U.S. rigs drilling for oil was down 4 at 747 this week.

 

The U.S. dollar index rose along with treasuries and the Dow, Nasdaq, and S&P on improving prospects for the passage of a tax bill.

 

Among the big names making news in the market Friday were CSX, Unilever, Costco, Bitcoin, and Tesla.

 

GATA Posts:

 

 

Craig Hemke: Are gold investors ready for the next rally?

 

The Statistics:

Activity from: 12/14/2017

Gold Warehouse Stocks:

9,046,656.053

-37,249.921

Silver Warehouse Stocks:

239,325,517.189

-426,826.28

 

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$34,050m

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$5,570m

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$6,160m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$451m

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

 

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

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.22: -44.02 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Endeavour Silver

EXK +4.89% $2.36

2.  Freeport

FCX +4.88% $16.98

3.  Taseko

TGB +4.50% $2.09

 

LOSERS

1.  Alexco

AXU -4.38% $1.31

2.  Sandstorm

SAND-2.97% $4.58

3.  DRDGOLD

DRD -2.27% $3.02

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

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

 

 

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