• Gold: 1,247.84 1.58
  • Silver: 14.66 -0.02
  • Euro: 1.138 0.003
  • USDX: 96.849 -0.229
  • Oil: 48.98 -0.4

November 16: Gold and Silver Gain Nearly 1% and 2% on the Week

Chris Mullen
|
Friday, November 16th

 

Close

Gain/Loss

On Week

Gold

$1221.90

+$8.60

+0.99%

Silver

$14.41

+$0.12

+1.69%

XAU

66.08

+1.67%

+2.99%

HUI

148.56

+1.47%

+3.59%

GDM

539.56

+1.49%

+1.88%

JSE Gold

1121.57

+12.92

+2.14%

USD

96.44

-0.61

-0.47%

Euro

114.17

+0.83

+0.69%

Yen

88.65

+0.41

+0.70%

Oil

$56.46

UNCH

-6.20%

10-Year

3.071%

-0.042

-3.73%

Bond

139.59375

+0.8125

+1.25%

Dow

25413.22

+0.49%

-2.22%

Nasdaq

7247.87

-0.15%

-2.15%

S&P

2736.27

+0.22%

-1.61%

 
http://www.goldseek.com/news/2018/2018-11-16_14-05-49.jpg

 

The Metals:

 

Gold jumped up to $1225.30 in midmorning New York trade before it pared back into midday, but it still ended with a gain of 0.71%. Silver rose to as high as $14.419 and ended with a gain of 0.84%.

 

Euro gold remained above €1070, platinum gained $4 to $843, and copper climbed 5 cents to about $2.80.

 

Gold and silver equities rose roughly 2% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Fed's Clarida says central bank getting closer to neutral and should be 'data dependent' on more hikes  CNBC

Industrial production inches up in October as Fed finds record mining output  MarketWatch

Student delinquencies up as U.S. household debt hits another record  Reuters

Fed's No.2 Clarida says there are signs global growth is slowing but doesn't think rate hikes are too rapid  MarketWatch

U.S. manufacturing production rises steadily in October  Reuters

 

The Markets:

 

Oil closed unchanged as oversupply concerns were offset by talk of output cuts.

 

The U.S. dollar index fell markedly and treasuries rose after “Federal Reserve Vice Chairman Richard Clarida on Friday morning said he sees 'signs of slowing growth' and that sluggish expansion in the globe will be factored in the central bank's calculus as it attempts to normalize interest-rate policy.”

 

The Dow, Nasdaq, and S&P traded mixed as optimism over trade talks with China countered disappointing tech results.

 

Among the big names making news in the market Friday were Airbnb, BlackBerry, VW, Nordstrom, PG&E, Nvidia, and Cisco.

 

GATA Posts:

 

 

Brandon White: Gold remonetization is much closer than many realize

Bank of England's withholding Venezuela's gold may signal shortage in London, Murphy says

 

The Statistics:

Activity from: 11/15/2018

Gold Warehouse Stocks:

8,026,061.729

-

Silver Warehouse Stocks:

294,222,643.104

+1,202,733.668

 

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

761.155

24,471,888

US$29,909m

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$5,424m

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$5,995m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$438m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 271.48: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,091.71: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Golden Star

GSS +8.42% $3.22

2.  Gold Standard

GSV +5.83% $1.27

3.  Wheaton

WPM +4.67% $16.13

 

LOSERS

1.  Tahoe Resources

TAHO -3.24% $3.29

2.  Turquoise

TRQ -1.02% $1.94

3.  Americas Silver

USAS-0.98%$1.515

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

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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