• Gold: 1,335.59 0.18
  • Silver: 17.08 -0.05
  • Euro: 1.228 0.000
  • USDX: 90.316 0.359
  • Oil: 68.04 -0.1

December 12: Gold and Silver Trade Mixed With Stocks

Chris Mullen
|
Tuesday, December 12th

 

Close

Gain/Loss

Gold

$1244.40

+$1.60

Silver

$15.73

+$0.01

XAU

76.90

-0.12%

HUI

174.97

-0.31%

GDM

595.48

-0.51%

JSE Gold

1268.51

-33.22

USD

94.04

+0.10

Euro

117.47

-0.27

Yen

88.12

+0.01

Oil

$57.14

-$0.85

10-Year

2.404%

+0.018

T-Bond

153.78125

-0.375

Dow

24504.80

+0.49%

Nasdaq

6862.32

-0.19%

S&P

2664.11

+0.15%

 
http://www.goldseek.com/news/2017/2017-12-12_14-01-54.jpg

 

The Metals:

 

Gold edged up to $1246.20 in Asia before it fell back to $1236.50 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.13%. Silver rose to as high as $15.815 and ended with a gain of 0.06%.

 

Euro gold rose above €1059, platinum lost $8 to $879, and copper climbed a penny to about $3.00.

 

Gold and silver equities traded mostly slightly lower and ended with modest losses.

 

The Economy:

 

U.S. government posts $139 billion deficit in November  Reuters

Small-business sentiment in November powers to the second-highest reading on record  MarketWatch

U.S. producer prices rise strongly, point to firming inflation  Reuters

 

Tomorrow brings CPI and a FOMC Announcement.

 

 

The Markets:

 

Oil erased early gains and ended 1.5% lower on waning fears over the impact of yesterday’s needed pipeline repair.

 

The U.S. dollar index rose and treasuries fell while the Dow, Nasdaq, and S&P waffled near unchanged ahead of tomorrow’s expected rate hike.

 

Among the big names making news in the market today were Bitcoin, Glencore, 3M, Apple, Comcast, Fox, Disney, and PepsiCo.

 

GATA Posts:

 

 

Bitcoin surge prompts bid to remove Mt Gox from bankruptcy

 

The Statistics:

As of close of business: 12/11/2017

Gold Warehouse Stocks:

8,982,142.308

-

Silver Warehouse Stocks:

240,357,277.065

+454,514.57

 

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

842.811

27,097,213

US$33,620m

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$5,496m

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$6,072m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$445m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.84: +0.72 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,117.94: +29.35 change from yesterday’s data.

 

 

The Miners:

 

Newmont’s (NEM) CEO induction into the American Mining Hall of Fame, Nevsun’s (NSU) dividend, and Gold Fields’ (GFI) hiring of a contractor to operate its biggest mine in Ghana were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Freeport

FCX +4.59% $15.71

2.  Gold Standard

GSV +2.86% $1.44

3.  Buenaventura

BVN +1.48% $13.00

 

LOSERS

1.  Paramount

PZG -3.10% $1.25

2.  Americas Silver

USAS-3.03% $3.20

3.  NovaGold

NG -2.77% $3.51

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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