Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
| Close | Gain/Loss | On Week |
Gold | $1332.20 | +$5.90 | -0.43% |
Silver | $17.02 | +$0.08 | -1.28% |
XAU | 87.97 | +0.46% | -1.28% |
HUI | 196.93 | +0.20% | -2.19% |
GDM | 662.24 | -0.01% | -1.21% |
JSE Gold | 1297.69 | -11.87 | -2.53% |
USD | 90.67 | +0.15 | -0.31% |
Euro | 122.19 | -0.22 | +0.11% |
Yen | 90.42 | +0.26 | +0.43% |
Oil | $63.37 | -$0.58 | -1.45% |
10-Year | 2.661% | +0.041 | +4.43% |
Bond | 148.59375 | -0.84375 | -1.25% |
Dow | 26071.72 | +0.21% | +1.04% |
Nasdaq | 7336.38 | +0.55% | +1.04% |
S&P | 2810.30 | +0.44% | +0.86% |
The Metals:
Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.
Euro gold rose to about EUR1090, platinum gained $11 to $1011, and copper fell a penny to about $3.19.
Gold and silver equities rose roughly 1% at the open before they fell back off for most of the rest of the day, but they still ended with modest gains.
No deal reached as Schumer, Trump meet to avert government shutdown Reuters
A government shutdown 'could reintroduce investors to the fact that markets go down' MarketWatch
U.S. Consumer Sentiment Unexpectedly Falls to a Six-Month Low Bloomberg
Next week's economic highlights include the Chicago Fed National Activity Index on Monday, the Richmond Fed Manufacturing Index on Tuesday, the FHFA House Price Index, PMI Composite Flash, and Existing Home Sales on Wednesday, International Trade in Goods, Initial Jobless Claims, and New Home Sales on Thursday, and GDP and Durable Goods Orders on Friday.
The Markets:
Oil fell almost 1% on "concerns over growing U.S. production."
The U.S. dollar index edged higher and treasuries fell as the Dow, Nasdaq, and S&P closed higher in mixed trade on hopes that Washington will find a way to avert a government shutdown.
Among the big names making news in the market Friday were bitcoin, Square, IBM, JPMorgan, and Amazon.
GATA Posts:
You're invited to GATA's reception following the Vancouver conference Monday
HSBC agrees to pay $100 million to settle U.S. probe into currency rigging
New York Fed official celebrates a century of market rigging
The Statistics:
Activity from: 1/18/2018
Gold Warehouse Stocks: | 9,321,134.244 | -155,955.672 |
Silver Warehouse Stocks: | 246,809,831.112 | +497,849.13 |
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 | 840.762 | 27,031,346 | US$36,078m |
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$5,923m |
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$6,547m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$478m |
Note: Change in Total Tonnes from yesterday's data: SPDR added 11.806 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 251.42: +0.69 change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,813.15: -26.4 change from yesterday's data.
WINNERS
1. Gold Standard | GSV +13.58% $1.84 |
2. Avino | ASM +3.52% $1.47 |
3. Turquoise | TRQ +3.37% $3.37 |
LOSERS
1. Silvercorp | SVM -3.89% $2.72 |
2. Tahoe Resource | TAHO -3.88% $4.46 |
3. Paramount | PZG -2.26% $1.30 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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