Gold Seeker Closing Report: Gold and Silver Gain With Oil
| Close | Gain/Loss |
Gold | $1341.00 | +$6.40 |
Silver | $17.05 | +$0.04 |
XAU | 89.91 | +1.81% |
HUI | 202.74 | +2.57% |
GDM | 673.84 | +1.55% |
JSE Gold | 1265.07 | -3.70 |
USD | 90.12 | -0.27 |
Euro | 122.98 | +0.38 |
Yen | 90.79 | +0.69 |
Oil | $64.47 | +$0.90 |
10-Year | 2.646% | -0.014 |
T-Bond | 149.3125 | +0.625 |
Dow | 26210.81 | -0.01% |
Nasdaq | 7460.29 | +0.71% |
S&P | 2839.13 | +0.22% |
The Metals:
Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%.
Euro gold rose to about EUR1091, platinum gained $9 to $1005, and copper dropped 8 cents to about $3.12.
Gold and silver equities fell roughly 1.5% at the open, but they then climbed back higher for most of the rest of the day and ended with gains of about 2%.
Richmond Fed manufacturing index for January 14 vs 19 expected forexlive
Welcome to the New Reality of Leaping U.S. Treasury Debt Sales Bloomberg
Asia protests at U.S. solar, washer tariffs, fears more to come Reuters
U.S. tax overhaul will boost global growth, IMF says MarketWatch
Tomorrow brings the FHFA House Price Index, PMI Composite Flash, and Existing Home Sales.
The Markets:
Treasury yields retreat after Bank of Japan quashes talk of early 'exit' of QE MarketWatch
Oil rose nearly 2% on expectations for another drop in US crude stockpiles in tomorrow's inventory data.
The U.S. dollar index fell as the euro rose on a jump in euro zone consumer confidence data.
Treasuries climbed higher on dovish talk from the Bank of Japan.
The Dow, Nasdaq, and S&P traded mostly higher on more strong earnings reports.
Among the big names making news in the market today were Kleenex, Twitter, SoFi, JPMorgan, Verizon, P&G, J&J, GE, Ford, 3M, Netflix, and Bitcoin.
GATA Posts:
Trace Mayer: Bitcoin can become a reserve asset
China plans to rescue any big bank
LBMA hopes that blockchain can track everybody's gold
As Asia takes over gold trade, World Gold Council considers standard for kilobars
The Statistics:
As of close of business: 1/22/2018
Gold Warehouse Stocks: | 9,217,447.482 | -96,453.012 |
Silver Warehouse Stocks: | 246,540,416.409 | -1,476,043.294 |
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 | 27,221,134 | US$36,288m |
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$5,939m |
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$6,567m |
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: 254.05: +0.78 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,772.08: -41.07 change from yesterday's data.
Pretivm's (PVG) 2018 guidance and SEMAFO's (SMF.TO) 2017 production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. New Gold | NGD +6.80% $3.30 |
2. Eldorado | EGO +5.22% $1.41 |
3. Kinross | KGC +5.09% $4.54 |
LOSERS
1. Pretivm | PVG -26.51% $7.93 |
2. Northern Dynasty | NAK -4.29% $1.56 |
3. Turquoise | TRQ -3.26% $3.26 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
Additional Resources for today's Gold Seeker Report can be found:
http://www.capitalupdates.com http://www.goldseek.com http://www.silverseek.com http://www.goldreview.com(C) Gold Seeker 2018
Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.