Gold Seeker Closing Report: Gold and Silver Edge Lower in Late Trade
| Close | Gain/Loss |
Gold | $1326.30 | -$2.70 |
Silver | $16.94 | -$0.08 |
XAU | 87.57 | -1.74% |
HUI | 196.54 | -1.77% |
GDM | 662.63 | -1.38% |
JSE Gold | 1309.56 | -3.95 |
USD | 90.52 | -0.19 |
Euro | 122.41 | +0.30 |
Yen | 90.16 | +0.03 |
Oil | $63.95 | -$0.02 |
10-Year | 2.620% | +0.048 |
T-Bond | 149.25 | -1.0625 |
Dow | 26017.81 | -0.37% |
Nasdaq | 7296.05 | -0.03% |
S&P | 2798.03 | -0.16% |
The Metals:
Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.908 and ended with a loss of 0.47%.
Euro gold fell to about EUR1084, platinum gained $0.50 to $1000, and copper climbed a penny to about $3.20.
Gold and silver equities dropped throughout most of the day and ended almost 2% lower.
Cold weather chills U.S. homebuilding; jobless claims at 45-year low Reuters
Philly Fed Index Falls More Than Expected In January Markets Insider
U.S. Housing Starts Fall More Than Expected While Permits Steady Bloomberg
Jobless claims crash to 45-year low, fall 41,000 to 220,000 MarketWatch
Tomorrow brings Consumer Sentiment.
The Markets:
Oil pared early losses to end near unchanged after the Energy Information Administration reported that crude inventories fell 6.9 million barrels, gasoline inventories rose 3.6 million barrels, and distillates fell 3.9 million barrels.
The U.S. dollar index edged lower on continued concerns about a possible government shutdown.
Treasuries fell on profit taking.
The Dow, Nasdaq, and S&P traded mostly lower on concerns about rising interest rates.
Among the big names making news in the market today were Amazon, Airbus, GNC, Alcoa, Morgan Stanley, Apple, and Netflix.
GATA Posts:
Hackers have stolen about 14% of digital currencies
'Disastrous' deals sideline gold-mining M&A as metal rises
The Statistics:
As of close of business: 1/17/2018
Gold Warehouse Stocks: | 9,477,089.916 | +324,357.372 |
Silver Warehouse Stocks: | 246,311,981.982 | -40,797.199 |
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$35,499m |
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$5,909m |
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$6,528m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$476m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 250.73: +0.51 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday's data.
Barrick's (ABX) revised sanction, Turquoise Hill's (TRQ) force majeure declaration, and IMPACT Silver's (IPT.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Paramount | PZG +4.43% $1.33 |
2. Gold Standard | GSV +1.25% $1.62 |
3. Northern Dynasty | NAK +1.18% $1.71 |
LOSERS
1. Americas Silver | USAS -6.18% $4.10 |
2. Endeavour Silver | EXK -5.93% $2.38 |
3. Avino | ASM -5.33% $1.42 |
Winners & Losers tracks NYSE 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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