-- Published: Tuesday, 3 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1159.50 | +$8.90 |
Silver | $16.29 | +$0.33 |
XAU | 82.01 | +3.99% |
HUI | 189.91 | +4.17% |
GDM | 602.86 | +3.07% |
JSE Gold | 1357.40 | -4.93 |
USD | 103.28 | +0.91 |
Euro | 104.06 | -1.19 |
Yen | 85.00 | -0.48 |
Oil | $52.33 | -$1.39 |
10-Year | 2.450% | +0.004 |
T-Bond | 150.59375 | -0.0625 |
Dow | 19881.76 | +0.60% |
Nasdaq | 5429.08 | +0.85% |
S&P | 2257.83 | +0.85% |
The Metals:
Gold gained $8.17 to $1158.77 in Asia before it fell back to $1146.24 in London, but it then rallied to a new session high of $1163.18 in New York and ended with a gain of 0.77%. Silver rose to as high as $16.485 and ended with a gain of 2.07%.
Euro gold rose above €1114, platinum gained $38 to $937, and copper fell 2 cents to about $2.48.
Gold and silver equities rose roughly 3% in the first 20 minutes of trade and remained near that level for the rest of the day.
The Economy:
Report | For | Reading | Expected | Previous |
Construction Spending | Nov | 0.9% | 0.5% | 0.6% |
ISM Index | Dec | 54.7 | 53.6 | 53.2 |
Tomorrow brings FOMC Minutes.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell nearly 3% on concerns that OPEC members are not sticking to their pledged production cuts.
The U.S. dollar index rose on better than expected economic data that sent treasuries lower.
The Dow, Nasdaq, and S&P saw decent gains on economic optimism.
Among the big names making news in the market today were Ford, GM, and Tesla.
GATA Posts:
GATA's Ed Steer to speak at Vancouver Resource Investment Conference
Note ban seen shaving a third of India's gold demand in 2017
India discounts widen, China premiums narrow on sluggish demand
U.S. dollar's share of global currency reserves slips in third quarter
The Statistics:
As of close of business: 12/30/2016
Gold Warehouse Stocks: | 9,158,885.147 | - |
Silver Warehouse Stocks: | 183,006,002.067 | -458,575.35 |
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® Gold Shares | 822.170 | 26,433,585 | US$30,629m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,146m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$5,686m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$413m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.20: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,617.12: No change from yesterday’s data.
The Miners:
Kirkland’s (KL.TO) management appointments, Nevsun’s (NSU) new directors, Tahoe’s (TAHO) board appointment, and Alexco’s (AXU) updated mineral resource estimate were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Alexco | AXU +11.85% $1.51 |
2. McEwen | MUX +11.34% $3.24 |
3. Gold Resource | GORO +11.03% $4.83 |
LOSERS
1. Northern Dynasty | NAK -6.28% $1.94 |
2. Paramount | PZG -1.12% $1.76 |
Winners & Losers tracks NYSE and AMEX 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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-- Published: Tuesday, 3 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Roughly 1% and 2%
