• Gold: 1,328.71 -0.62
  • Silver: 16.51 -0.01
  • Euro: 1.229 -0.001
  • USDX: 89.883 -0.01
  • Oil: 63.58 0.93

December 21: Gold Gains With Stocks

Chris Mullen
|
Thursday, December 21st

 

Close

Gain/Loss

Gold

$1267.50

+$2.10

Silver

$16.13

-$0.05

XAU

83.38

+0.45%

HUI

186.34

+0.39%

GDM

633.75

+0.55%

JSE Gold

1231.78

+14.41

USD

93.25

-0.06

Euro

118.76

+0.04

Yen

88.49

+0.12

Oil

$58.33

+$0.24

10-Year

2.485%

-0.014

T-Bond

151.00

+0.4375

Dow

24782.29

+0.23%

Nasdaq

6965.36

+0.06%

S&P

2684.57

+0.20%

 
http://www.goldseek.com/news/2017/2017-12-21_14-05-41.jpg

 

The Metals:

 

Gold edged up to $1268.30 in Asia before it fell back to $1263.10 in London, but it then climbed to a new session high of $1268.90 in the last minutes of trade in New York and ended with a gain of 0.17%. Silver chopped between $16.09 and $16.24 and ended with a loss of 0.31%.

 

Euro gold rose to about €1067, platinum lost $2 to $915, and copper climbed a couple of cents to about $3.19.

 

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

 

The Economy:

 

Leading economic indicators rise 0.4 percent, meet expectations  CNBC

FHFA: Home prices continue to soar on West Coast  HousingWire

U.S. House unveils new stop-gap funding bill to avert shutdown  Reuters

Philly Fed index shows accelerating factory momentum in December  MarketWatch

U.S. Jobless Claims Rise by Most Since Storms to Five-Week High  Bloomberg

U.S. Third-Quarter Growth Revised Down to 3.2% Pace From 3.3%  Bloomberg

 

Tomorrow brings Durable Goods Orders, Personal Income and Outlays, New Home Sales, and Consumer Sentiment.

 

The Markets:

 

Oil held near unchanged in quiet trade.

 

The U.S. dollar index reversed early gains and treasuries rose on mixed economic data.

 

The Dow, Nasdaq, and S&P climbed higher on optimism over lower corporate tax rates.

 

Among the big names making news in the market today were Bed Bath & Beyond, Bitcoin, Fannie Mae, Freddie Mac, Accenture, Biogen, Comcast, AT&T, and Boeing.

 

GATA Posts:

 

 

Ted Butler: A 10-year-deal to let JPM rig silver?

 

The Statistics:

As of close of business: 12/20/2017

Gold Warehouse Stocks:

9,147,617.973

-4,822.05

Silver Warehouse Stocks:

240,292,173.569

+1,824,071.81

 

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

836.020

26,878,879

US$33,982m

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$5,625m

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$6,220m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$455m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 244.30: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,150.22: No change from yesterday’s data.

 

The Miners:

 

Northern Dynasty’s (NAK) permitting, Pan American’s (PAAS) preliminary feasibility study, Fortuna’s (FSM) construction activities, and Silver Bear’s (SBR.TO) mineral resource update were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Northern Dynasty

NAK +6.40% $1.83

2.  Avino

ASM +5.24% $1.39

3.  McEwen

MUX +4.63% $2.26

 

LOSERS

1.  First Majestic

AG -2.18% $7.64

2.  Alexco

AXU -1.30% $1.52

3.  Gold Fields

GFI -1.23% $4.01

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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© Gold Seeker 2017

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