Gold Seeker Closing Report: Gold and Silver End Lower in Mixed Trade
| Close | Gain/Loss |
Gold | $1329.00 | -$10.30 |
Silver | $17.02 | -$0.19 |
XAU | 89.12 | -1.27% |
HUI | 200.07 | -2.11% |
GDM | 672.24 | -1.54% |
JSE Gold | 1313.51 | -3.20 |
USD | 90.71 | +0.28 |
Euro | 122.11 | -0.54 |
Yen | 90.13 | -0.68 |
Oil | $63.97 | +$0.24 |
10-Year | 2.572% | +0.029 |
T-Bond | 150.34375 | -0.46875 |
Dow | 26115.65 | +1.25% |
Nasdaq | 7298.28 | +1.03% |
S&P | 2802.56 | +0.94% |
The Metals:
Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.
Euro gold fell to about EUR1088, platinum gained $2.50 to $999.50, and copper lost 2 cents to about $3.19.
Gold and silver equities turned slight losses into modest gains by early afternoon, but they then drifted back lower into the close and ended over 1% lower.
Fed's Beige Book finds muted reaction to Republican tax plan MarketWatch
Homebuilder Sentiment in U.S. Cools in January From 18-Year High Bloomberg
U.S. Manufacturing Output Rose in December for Fourth Month Bloomberg
U.S. mortgage application volume hits six-week high: MBA Reuters
As Trump heads to Davos, survey points to rising risk of war Reuters
Tomorrow brings Initial Jobless Claims, Housing Starts, and the Philadelphia Fed.
The Markets:
Oil edged higher ahead of tomorrow's holiday delayed inventory data.
The U.S. dollar index closed higher on optimism over the outlook for Congress to avert a possible government shutdown.
Treasuries fell as the Dow, Nasdaq, and S&P soared roughly 1% higher on accelerating earnings growth.
Among the big names making news in the market today were GE, Barclays, Apple, Rolls-Royce, Ford, Tiffany's, Goldman Sachs, and Bank of America.
GATA Posts:
Dollar's weakness unsettles central bankers
Monetary metals holding up well despite suppression, GATA chairman says
The Statistics:
As of close of business: 1/16/2018
Gold Warehouse Stocks: | 9,152,732.544 | -76,236.982 |
Silver Warehouse Stocks: | 246,352,779.181 | -132,745.01 |
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$35,591m |
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$5,916m |
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$6,541m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$479m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 250.22: +1.19 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday's data.
McEwen's (MUX) exploration outlook, New Gold's (NGD) 2017 fourth quarter and full-year production results, 2018 guidance, and projects update, and Fortuna's (FSM) 2017 production figures and 2018 guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +3.31% $4.37 |
2. Freeport | FCX +2.33% $19.77 |
3. Nevsun | NSU +1.67% $2.44 |
LOSERS
1. New Gold | NGD -6.98% $3.20 |
2. Alio Gold | ALO -4.52% $3.59 |
3. Goldcorp | GG -4.48% $14.70 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.