Gold Seeker Closing Report: Gold and Silver Fall While Stocks Continue Higher
| Close | Gain/Loss |
Gold | $1314.00 | -$6.00 |
Silver | $17.00 | -$0.12 |
XAU | 84.95 | -1.55% |
HUI | 192.30 | -1.33% |
GDM | 647.49 | -1.30% |
JSE Gold | 1286.67 | -32.45 |
USD | 92.51 | +0.17 |
Euro | 119.39 | -0.28 |
Yen | 88.88 | +0.41 |
Oil | $62.96 | +$1.23 |
10-Year | 2.548% | +0.069 |
T-Bond | 150.21875 | -1.50 |
Dow | 25385.80 | +0.41% |
Nasdaq | 7163.58 | +0.09% |
S&P | 2751.29 | +0.13% |
The Metals:
Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.45%. Silver slipped to as low as $16.914 and ended with a loss of 0.70%.
Euro gold fell to about EUR1101, platinum lost $4 to $966, and copper fell a couple of cents to about $3.20.
Gold and silver equities dropped over 1% at the open and remained near that level for the rest of the day.
Job Openings in U.S. Declined in November to a Six-Month Low Bloomberg
Dimon thinks economists are dead wrong about GDP, predicts 4% U.S. growth MarketWatch
Small-business sentiment dips at end of strongest year on record: NFIB MarketWatch
Tomorrow brings Import and Export Prices and Wholesale Trade.
The Markets:
Oil rose 2% on expectations for another drop in crude inventories tomorrow.
The U.S. dollar index edged higher and treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on optimism over upcoming earnings reports.
Among the big names making news in the market today were Airbus, GoPro, GM, Microsoft, Nvidia, Intel, and Target.
The Statistics:
As of close of business: 1/8/2018
Gold Warehouse Stocks: | 9,210,113.676 | -24,112.50 |
Silver Warehouse Stocks: | 244,472,805.301 | -502,712.32 |
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 | 834.860 | 26,841,574 | US$35,186m |
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$5,826m |
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$6,439m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$471m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 247.80: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,877.69: No change from yesterday's data.
Royal Gold's (RGLD) second quarter update, Buenaventura's (BVN) preliminary 4Q17 production and volume sold results and 2018 operating guidance, and First Majestic's (AG) year-end review of its 2017 exploration program and plans for its 2018 exploration program were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Coeur | CDE +2.13% $7.67 |
2. Hecla | HL +1.76% $4.04 |
3. Paramount | PZG +0.79% $1.28 |
LOSERS
1. Pretivm | PVG -6.30% $10.41 |
2. Alexco | AXU -5.92% $1.43 |
3. Alamos | AGI -5.01% $6.26 |
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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