Gold Seeker Closing Report: Gold and Silver Rise with Stocks
| Close | Gain/Loss |
Gold | $1293.30 | +$4.10 |
Silver | $15.59 | +$0.02 |
XAU | 69.54 | +0.24% |
HUI | 153.70 | +0.41% |
GDM | 576.19 | -0.14 |
JSE Gold | 1320.65 | -24.40 |
USD | 96.07 | +0.14 |
Euro | 113.96 | -0.16 |
Yen | 91.94 | -0.42 |
Oil | $52.31 | +$0.20 |
10-Year | 2.721% | +0.003 |
T-Bond | 145.46875 | +0.125 |
Dow | 24207.16 | +0.59% |
Nasdaq | 7034.69 | +0.15% |
S&P | 2616.10 | +0.22% |
The Metals:
Gold edged up to $1292.70 in Asia before it pared back to $1288.00 in London, but it then climbed to a new 6-month high at $1294.90 in New York and ended with a gain of 0.32%. Silver chopped between $15.494 and $15.642 and ended with a gain of 0.13%.
Euro gold rose to about EUR1035, platinum gained $8 to $804, and copper climbed 2 cents to about $2.67.
Gold and silver equities saw decent gains by midday, but they then tailed back off into the close and ended mixed.
Theresa May's government survives a no-confidence vote after its crushing Brexit defeat CNBC
U.S. labor market tightens, wages grow moderately: Fed Beige Book Reuters
Home-builder confidence rebounds as housing market catches a break MarketWatch
Mortgage applications surge as borrowers take advantage of lower rates CNBC
U.S. import prices fall; year-on-year drop largest since 2016 Reuters
Search on for Brexit consensus after May's crushing defeat Reuters
Tomorrow brings Weekly jobless claims and the Philly Fed index.
The Markets:
Oil reversed early losses and ended slightly higher "as a U.S. government report revealed a second straight weekly decline in U.S. crude supplies."
The U.S. dollar index bumped higher and treasuries traded mixed while the Dow, Nasdaq, and S&P rose on positive earnings reports.
Among the big names making news in the market today were Airbus, Sears, Snap, Goldman Sachs, Bank of America, and Fiserv.
GATA Posts:
Newmont CEO is unenthusiastic about prospects for gold price
Wary investors drawn to gold's allure
The Statistics:
As of close of business: 1/15/2019
Gold Warehouse Stocks: | 8,408,225.487 | -3,624.24 |
Silver Warehouse Stocks: | 293,158,334.403 | +2,050.30 |
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 | 797.706 | 25,647,044 | US$33,138m |
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$5,744m |
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$6,351m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Note: No change in Total Tonnes from yesterday's data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.49: +2.39 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,673.34: -81.73 change from yesterday's data.
Golden Star's (GSS) preliminary production results, B2Gold's (BTG) record annual gold production, Northern Dynast's (NAK) preliminary short form base shelf prospectus, and Alio Gold's (ALO) 2018 gold production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alamos | AGI +4.59% $4.10 |
2. Golden Star | GSS +3.44% $3.31 |
3. Freeport | FCX +2.77% $11.89 |
LOSERS
1. IAMGOLD | IAG -10.34% $3.21 |
2. Endeavour Silver | EXK -2.88% $2.02 |
3. Silvercorp | SVM -2.78% $2.10 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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