Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% and 3%
| Close | Gain/Loss |
Gold | $1357.70 | +$16.70 |
Silver | $17.56 | +$0.51 |
XAU | 92.08 | +2.42% |
HUI | 207.17 | +2.19% |
GDM | 688.77 | +2.23% |
JSE Gold | 1313.95 | +48.88 |
USD | 89.25 | -0.87 |
Euro | 124.02 | +1.04 |
Yen | 91.76 | +0.97 |
Oil | $65.61 | $1.14 |
10-Year | 2.652% | +0.006 |
T-Bond | 148.65625 | -0.5625 |
Dow | 26252.12 | +0.16% |
Nasdaq | 7415.06 | -0.61% |
S&P | 2837.54 | -0.06% |
The Metals:
Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumped to as high as $1361.70 in afternoon trade and ended with a gain of 1.25%. Silver rose to as high as $17.616 and ended with a gain of 2.99%.
Euro gold rose to about EUR1095, platinum gained $9 to $1014, and copper climbed 12 cents to about $3.24.
Gold and silver equities rose over 2% at the open and remained near that level for the rest of the day.
Existing-home sales fizzle in December as supply hits an 18-year low MarketWatch
US Nov FHFA house price index 0.4% vs 0.5% expected forexlive
U.S. mortgage activity hits four-month high despite rising rates: MBA Reuters
Tomorrow brings International Trade in Goods, Initial Jobless Claims, and New Home Sales.
The Markets:
Oil rose almost 2% more after the Energy Information Administration reported that crude inventories fell 1.1 million barrels, gasoline inventories rose 3.1 million barrels, and distillates rose 600,000 barrels.
The U.S. dollar index fell markedly "after Treasury Secretary Steven Mnuchin laid out the benefits of a weaker dollar for the American economy at Davos."
Treasuries dropped on policy uncertainty that also sent the Dow, Nasdaq, and S&P mostly lower.
Among the big names making news in the market today were Puma Biotech, Ford, Comcast, Apple, Toys 'R' Us, and GE.
GATA Posts:
Trump team at Davos backs weaker dollar, sharpens trade war talk
Gold-backed cryptocurrency planned by Perth Mint to entice investors back to metals
The Statistics:
As of close of business: 1/23/2018
Gold Warehouse Stocks: | 9,313,542.543 | +96,095.061 |
Silver Warehouse Stocks: | 245,948,894.158 | -591,522.251 |
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 | 849.321 | 27,306,535 | US$36,955m |
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$6,006m |
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$6,636m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$487m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 2.656 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 254.44: +0.39 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,736.88: +35.20 change from yesterday's data.
Barrick's (ABX) investment in Royal Road Minerals Limited (RYR.V), IAMGOLD's (IAG) Scholarship Fund, Nevsun's (NSU) additions to its operational leadership team, Vista Gold's (VGZ) updated preliminary feasibility study, and First Majestic's (AG) offering of convertible senior notes were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. NovaGold | NG +10.25% $4.41 |
2. McEwen | MUX +7.73% $2.51 |
3. Avino | ASM +6.94% $1.54 |
LOSERS
1. Gold Resource | GORO-2.41% $4.85 |
2. DRDGOLD | DRD -0.62% $3.22 |
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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