Gold Seeker Closing Report: Gold and Silver Gain About 1% While Stocks Drop Roughly 3%
| Close | Gain/Loss |
Gold | $1294.60 | +$11.60 |
Silver | $15.73 | +$0.22 |
XAU | 72.17 | +1.73% |
HUI | 163.37 | +1.65% |
GDM | 597.67 | +1.98% |
JSE Gold | 1445.45 | +47.57 |
USD | 96.25 | -0.54 |
Euro | 113.99 | +0.55 |
Yen | 93.40 | +1.71 |
Oil | $47.09 | +$0.55 |
10-Year | 2.560% | -0.095 |
T-Bond | 148.4375 | +1.6875 |
Dow | 22686.22 | -2.83% |
Nasdaq | 6463.50 | -3.04% |
S&P | 2447.89 | -2.48% |
The Metals:
Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST, but it then climbed back higher in New York and ended near its new 6-1/2 month high of $1294.70 with a gain of 0.9%. Silver rose to as high as $15.751 and ended with a gain of 1.42%.
Euro gold rose to about EUR1136, platinum gained $6.50 to $796, and copper dropped 3 cents to about $2.58.
Gold and silver equities rose over 1% at the open before they fell back towards unchanged by late morning, but they then climbed to new highs in afternoon trade and closed nearly 2% higher on the day.
Dallas Fed's Kaplan Favors Rate Hike Pause Amid Uncertainty Bloomberg
ISM manufacturing index falls to lowest level since November 2016 CNBC
U.S. private payrolls surge in December; weekly jobless claims rise Reuters
December private payrolls rise 271K vs. 178K est.: ADP/Moody's CNBC
The Markets:
Oil rose over 1% on continued indications that suppliers are adhering to output cuts.
The U.S. dollar index dropped as the yen jumped up on safe haven buying that sent treasuries higher and sent the Dow, Nasdaq, and S&P over 2% lower on additional fears about slowing economic growth.
Among the big names making news in the market today were Tesla, Delta, Apple, Cargill, Bristol-Myers and Celgene, and GM.
GATA Posts:
Forget Fed hikes, as traders now are pricing a cut by April 2020
Ambrose Evans-Pritchard: The euro has failed, threatens democracy, and should be abolished
The Statistics:
As of close of business: 1/2/2019
Gold Warehouse Stocks: | 8,434,261.646 | - |
Silver Warehouse Stocks: | 293,746,405.781 | +496,121.433 |
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 | 795.313 | 25,570,122 | US$32,985m |
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$5,730m |
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$6,331m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 7.644 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 280.23: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,867.07: No change from yesterday's data.
WINNERS
1. Alio Gold | ALO +10.22% $1.025 |
2. Eldorado | EGO +9.15% $3.46 |
3. Americas Silver | USAS +8.88% $1.84 |
LOSERS
1. Freeport | FCX -2.80% $10.07 |
2. Turquoise | TRQ -2.44% $1.60 |
3. EMX Royalty | EMX -1.74% $1.13 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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