Gold Seeker Closing Report: Gold and Silver End Slightly Lower, Dow Drops Markedly
| Close | Gain/Loss |
Gold | $1336.80 | -$5.20 |
Silver | $17.11 | -$0.07 |
XAU | 86.56 | -1.03% |
HUI | 194.03 | -0.89% |
GDM | 656.14 | -1.09% |
JSE Gold | 1239.40 | -60.77 |
USD | 89.23 | -0.13 |
Euro | 123.97 | +0.14 |
Yen | 91.97 | +0.06 |
Oil | $64.50 | -$1.06 |
10-Year | 2.724% | +0.033 |
T-Bond | 147.34375 | -0.78125 |
Dow | 26076.89 | -1.37% |
Nasdaq | 7402.48 | -0.86% |
S&P | 2822.43 | -1.09% |
The Metals:
Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then fell back off into the close and ended with a loss of 0.39%. Silver slipped to as low as $17.073 and ended with a loss of 0.41%.
Euro gold fell to about EUR1078, platinum lost $14.50 to $991.50, and copper remained at about $3.20.
Gold and silver equities fell roughly 1% by late morning and remained near that level for the rest of the day.
Treasury Refunding Announcement Is a Rare Nail-Biter for Traders Bloomberg
Consumers very confident in economy, but uncertain how tax plan will affect them MarketWatch
Home Prices in 20 U.S. Cities Climb by the Most Since July 2014 Bloomberg
The Markets:
Oil fell almost 2% more on concerns about rising supplies.
The U.S. dollar index waffled near unchanged along with the euro and yen on mixed economic data.
Treasuries fell along with the Dow, Nasdaq, and S&P on disruption in the healthcare industry.
Among the big names making news in the market today were Apple, Pfizer, Blackstone and Thomson Reuters, UnitedHealth, HCA Healthcare, Wal-Mart, and Amazon, Berkshire Hathaway and JPMorgan.
GATA Posts:
To catch up with other assets, metals will explode, Murphy says in Kitco interview
U.S. authorities charge three banks, eight individuals in futures 'spoofing' probe
TF Metals Report: How will the deniers of gold market rigging explain this?
The Statistics:
As of close of business: 1/29/2018
Gold Warehouse Stocks: | 9,243,336.874 | -47,842.227 |
Silver Warehouse Stocks: | 247,355,389.055 | -652,548.45 |
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 | 846.665 | 27,221,139 | US$36,598m |
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$5,949m |
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$6,576m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$481m |
Note: Change in Total Tonnes from yesterday's data: SPDR subtracted 1.476 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 259.14: +1.19 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: No change from yesterday's data.
WINNERS
1. Seabridge | SA +3.14% $11.50 |
2. Great Panther | GPL +1.60% $1.27 |
3. Paramount | PZG +1.53% $1.33 |
LOSERS
1. Pretivm | PVG -6.69% $6.97 |
2. McEwen | MUX -4.05% $2.13 |
3. First Majestic | AG -3.96% $6.06 |
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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