• Gold: 1,231.69 0.93
  • Silver: 15.48 -0.04
  • Euro: 1.172 -0.001
  • USDX: 94.449 -0.703
  • Oil: 68.13 0.02

December 22: Gold and Silver Gain Nearly 2% on the Week

Chris Mullen
|
Friday, December 22nd

Please Note: US markets are closed on Monday. The Gold Seeker Report may be slow to return next week as well.

 

 

Close

Gain/Loss

On Week

Gold

$1274.30

+$6.80

+1.47%

Silver

$16.31

+$0.18

+1.68%

XAU

84.01

+0.75%

+4.71%

HUI

188.91

+1.38%

+4.90%

GDM

639.94

+0.99%

+4.65%

JSE Gold

1242.18

+10.40

-2.15%

USD

93.32

+0.07

-0.65%

Euro

118.63

-0.13

+0.91%

Yen

88.55

+0.06

UNCH

Oil

$58.47

+$0.11

+2.04%

10-Year

2.487%

+0.002

+5.83%

Bond

151.125

-0.0625

-2.81%

Dow

24754.05

-0.11%

+0.42%

Nasdaq

6959.96

-0.08%

+0.34%

S&P

2683.34

-0.05%

+0.28%

 
http://www.goldseek.com/news/2017/2017-12-22_14-04-41.jpg

 

The Metals:

 

Gold saw slight losses in Asia, but it then jumped up to as high as $1275.90 in New York and ended with a gain of 0.54%. Silver rose to as high as $16.417 and ended with a gain of 1.12%.

 

Euro gold rose to about €1075, platinum remained at $915, and copper climbed a couple of cents to about $3.21.

 

Gold and silver equities gained roughly 1% by late morning and remained near that level into the close.

 

The Economy:

 

U.S. New-Home Sales Surge in November to Highest Since 2007  Bloomberg

U.S. Consumer Sentiment Falls More Than Estimated on Outlook  Bloomberg

U.S. consumer spending rises more than expected; savings lowest since 2008  Reuters

Orders for U.S. Capital-Goods Ease After Robust October  Bloomberg

 

The Markets:

 

Oil edged higher after “Baker Hughes said the number of U.S. oil rigs was unchanged at 747 this week.”

 

The U.S. dollar index saw slight gains and treasuries fell on mixed economic data that held the Dow, Nasdaq, and S&P modestly lower.

 

Among the big names making news in the market Friday were Jack in the Box, UnitedHealth, Ford, and Bitcoin.

 

GATA Posts:

 

 

Alasdair Macleod: 2018 could be the year for gold

 

The Statistics:

Activity from: 12/21/2017

Gold Warehouse Stocks:

9,143,181.135

-4,436.838

Silver Warehouse Stocks:

240,232,673.550

-59,500.019

 

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$5,631m

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$6,227m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$457m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.91: -0.39 change from yesterday’s data.

 

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

 

The Miners:

 

Banro’s (BAA) restructuring proceedings, Yamana’s (AUY) sale of assets, and Agnico Eagle’s (AEM) purchase of assets were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Eldorado

EGO +6.35% $1.34

2.  Avino

ASM +5.10% $1.46

3.  Yamana

AUY +4.55% $2.99

 

LOSERS

1.  First Majestic

AG -9.29% $6.93

2.  Gold Standard

GSV -2.26% $1.73

3.  Great Panther

GPL -2.24% $1.31

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

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