• Gold: 1,242.75 -0.19
  • Silver: 14.76 -0.01
  • Euro: 1.136 -0.000
  • USDX: 97.069 0.025
  • Oil: 53.13 1.98

November 14: Gold and Silver Jump 1%

Chris Mullen
|
Wednesday, November 14th

 

Close

Gain/Loss

Gold

$1211.90

+$10.20

Silver

$14.15

+$0.16

XAU

63.53

+2.74%

HUI

143.45

+3.61%

GDM

522.86

+1.78%

JSE Gold

1080.74

-2.00

USD

96.92

-0.27

Euro

113.20

+0.31

Yen

88.15

+0.29

Oil

$56.25

+$0.56

10-Year

3.122%

-0.018

T-Bond

138.96875

+0.375

Dow

25080.50

-0.81%

Nasdaq

7136.39

-0.90%

S&P

2701.58

-0.76%

 
http://www.goldseek.com/news/2018/2018-11-14_14-02-11.jpg

 

The Metals:

 

Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot back up in New York and ended near its early afternoon high of $1216.30 with a gain of 0.85%. Silver slipped to as low as $13.894 in London, but it then climbed to as high as $14.19 in New York and ended with a gain of 1.14%.

 

Euro gold rose above €1070, platinum lost $3 to $833, and copper climbed a couple of cents to about $2.71.

 

Gold and silver equities rose roughly 3% by about 1PM EST and remained near that level for the rest of the day.

 

The Economy:

 

Alan Greenspan says he is seeing 'the first signs' of inflation  CNBC

China always promises to stop cheating on trade, but never does  MarketWatch

Consumer inflation posts biggest jump in nine months on higher cost of gas, rent, used cars, CPI shows  MarketWatch

U.S. consumer prices post biggest gain in nine months  Reuters

 

Tomorrow brings Weekly jobless claims, Retail sales, the Philly Fed, the Empire state index, Import prices, and Business inventories.

 

The Markets:

 

Oil gained 1% ahead of tomorrow’s inventory report.

 

The U.S. dollar index fell as the euro and pound rose on Brexit hopes and optimism over the resubmission of Italy’s 2019 budget.

 

Treasuries climbed higher as the Dow, Nasdaq, and S&P erased notable morning gains and ended almost 1% lower on economic uncertainty.

 

Among the big names making news in the market today were Apple, PG&E, Blue Apron, Canopy Growth, Tilray, SurveyMonkey, and Walmart.

 

GATA Posts:

 

 

What a world: 'Sultan of Coins' is hanged but Jamie Dimon and Blythe Masters live

Times of India celebrates central bank's buying gold, selling treasuries

 

The Statistics:

As of close of business: 11/13/2018

Gold Warehouse Stocks:

8,023,872.749

-

Silver Warehouse Stocks:

293,019,909.436

+248,491.449

 

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$29,441m

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$5,341m

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$5,903m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$435m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 0.844 tonnes

 

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:

 

Paramount’s (PZG) acquired project, Royal Gold’s (RGLD) dividend, Pan American’s (PAAS) acquisition of Tahoe Resources (TAHO), and Alexco’s (AXU) third quarter results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Tahoe Resources

TAHO +48.64% $3.27

2.  Golden Star

GSS +15.23% $2.95

3.  Endeavour Silver

EXK +7.82% $1.93

 

LOSERS

1.  Pan American

PAAS-10.4%$12.66

2.  Silvercorp

SVM -8.29% $1.88

3.  IAMGOLD

IAG -3.40% $2.84

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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