Gold Seeker Closing Report: Gold and Silver Gain While Dow Suffers Worst Daily Point Plunge in History
| Close | Gain/Loss |
Gold | $1336.30 | +$4.50 |
Silver | $16.70 | +$0.10 |
XAU | 83.07 | -0.96% |
HUI | 185.80 | -1.19% |
GDM | 633.83 | -1.41% |
JSE Gold | 1200.17 | -28.72 |
USD | 89.60 | +0.44 |
Euro | 123.92 | -0.67 |
Yen | 91.37 | +0.52 |
Oil | $64.15 | -$1.30 |
10-Year | 2.731% | -0.107 |
T-Bond | 146.53125 | +1.75 |
Dow | 24345.75 | -4.60% |
Nasdaq | 6967.53 | -3.78% |
S&P | 2648.94 | -4.10% |
The Metals:
Gold gained $6.80 to $1338.60 in London before it drifted back towards unchanged in New York, but it then jumped to a new session high of $1341.50 in the last hour of trade and ended with a gain of 0.34%. Silver rose to as high as $16.904 and ended with a gain of 0.6%.
Euro gold rose to about EUR1079, platinum lost $3 to $985.50, and copper climbed 3 cents to about $3.22.
Gold and silver equities fell roughly 2% by midafternoon before they rallied back higher into the close, but they still ended about 1% lower on the day.
U.S. Service Industries Grow Most in at Least 10 Years Bloomberg
Jerome Powell sworn in as Fed chairman MarketWatch
Tomorrow brings International Trade data.
The Markets:
Oil fell 2% and the U.S. dollar index rose with treasuries as the Dow, Nasdaq, and S&P dropped roughly 4% in wild late session action.
Wall St. plunges as stocks selloff continues
U.S. Stocks Plummet, Erasing Gains for the Year
S&P 500 off more than 5% from its all-time peak as global equity selloff continues
Among the big names making news in the market today were Lloyds, Amazon, Wells Fargo, and Broadcom.
GATA Posts:
Fines against bullion banks for market rigging vindicate GATA, Sprott says
Sudanese pound is on the way to becoming an ounce
Bitcoin ban expands across credit cards as big U.S. banks recoil
Robert Lambourne: BIS gold derivatives fall in December but remain hefty
The Statistics:
As of close of business: 2/2/2018
Gold Warehouse Stocks: | 9,361,556.156 | +96,177.574 |
Silver Warehouse Stocks: | 248,051,783.870 | +1,552,287.24 |
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 | 841.353 | 27,050,351 | US$36,060m |
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$5,928m |
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$6,553m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$480m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 261.25: -0.06 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,732.72: -4.16 change from yesterday's data.
Entr?e's (EGI) board changes and Randgold's (GOLD) dividend, fourth quarter results and updates, and talks with the government of the Democratic Republic of Congo were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Northern Dynasty | NAK +19.89% $1.03 |
2. Gold Standard | GSV +4.97% $1.69 |
3. Harmony | HMY +4.79% $1.75 |
LOSERS
1. Randgold | GOLD-6.65%$92.63 |
2. Paramount | PZG -4.55% $1.26 |
3. Avino | ASM -4.48% $1.28 |
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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