Gold Seeker Weekly Wrap-Up: Gold and Silver Gain with Stocks and Oil on the Week
Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day.
| Close | Gain/Loss | On Week |
Gold | $1338.00 | +$16.20 | +1.33% |
Silver | $17.24 | +$0.26 | +0.23% |
XAU | 89.11 | +2.37% | +1.97% |
HUI | 201.34 | +2.97% | +1.62% |
GDM | 670.32 | +2.67% | +1.27% |
JSE Gold | 1331.43 | +6.31 | +0.66% |
USD | 90.95 | -0.95 | -1.11% |
Euro | 122.06 | +1.74 | +1.36% |
Yen | 90.03 | UNCH | +1.81% |
Oil | $64.30 | +$0.50 | +4.65% |
10-Year | 2.548% | +0.012 | +2.87% |
Bond | 150.46875 | +0.03125 | -0.97% |
Dow | 25803.19 | +0.89% | +2.01% |
Nasdaq | 7261.06 | +0.68% | +1.74% |
S&P | 2786.24 | +0.67% | +1.57% |
The Metals:
Gold gained $11.30 to $1333.10 in London before it pared back to $1324.70 at about 9AM EST, but it then climbed to a new session high of $1339.30 in afternoon New York trade and ended with a gain of 1.23%. Silver rose to as high as $17.283 and ended with a gain of 1.53%.
Euro gold fell to about EUR1098, platinum gained $10 to $992, and copper dropped a penny to about $3.21.
Gold and silver equities gained throughout the day and ended almost 3% higher.
US business inventories rise in November CNBC
U.S. Core Inflation Accelerates Bloomberg
Gain in U.S. December Retail Sales Caps Robust Holiday Season Bloomberg
Next week's economic highlights include Empire State Manufacturing on Tuesday, Industrial Production, the Housing Market Index, and the fed's Beige Book on Wednesday, Initial Jobless Claims, Housing Starts, and the Philadelphia Fed on Thursday, and Consumer Sentiment on Friday.
The Markets:
Oil continued higher on tightening supplies.
The U.S. dollar index fell markedly as the euro rose on political progress in Germany and Great Britain.
Treasuries held near unchanged while the Dow, Nasdaq, and S&P soared to new highs on strong earnings reports.
Among the big names making news in the market Friday were Delta, Wells Fargo, PNC, BlackRock, JPMorgan, and Facebook.
GATA Posts:
Cryptocurrency creation is now as easy as breathing
Ted Butler: The last great silver buy
Ralph Nader: Corporate coercion and the drive to eliminate buying with cash
Bitcoin profits may be converted to monetary metals purchases, GATA chairman says
China sets record for gobbling up the world's commodities
The Statistics:
Activity from: 1/11/2018
Gold Warehouse Stocks: | 9,228,969.526 | +21,524.30 |
Silver Warehouse Stocks: | 246,555,825.221 | +483,179.48 |
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(R) Gold Shares | 828.956 | 26,651,766 | US$35,357m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,910m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,533m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 248.34: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday's data.
Imperial's (III.TO) 2017 metals production and First Majestic's (AG) friendly acquisition of Primero (P.TO) were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Alexco | AXU +8.05% $1.61 |
2. Pretivm | PVG +7.11% $11.15 |
3. Endeavour Silver | EXK +5.20% $2.63 |
LOSERS
1. First Majestic | AG -2.58% $6.79 |
2. Hecla | HL -1.78% $4.41 |
3. Nevsun | NSU -1.65% $2.39 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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