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Gold Seeker Closing Report: Gold and Silver Gain Over 1% More
By: Chris Mullen, Gold-Seeker.com

 -- Published: Thursday, 5 January 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1181.20

+$17.70

Silver

$16.62

+$0.19

XAU

87.93

+5.45%

HUI

204.29

+6.25%

GDM

644.02

+5.68%

JSE Gold

1427.31

+50.92

USD

101.47

-1.08

Euro

106.00

+1.15

Yen

86.55

+1.25

Oil

$53.76

+$0.50

10-Year

2.368%

-0.084

T-Bond

152.71875

+2.03125

Dow

19899.29

-0.21%

Nasdaq

5487.94

+0.20%

S&P

2269.00

-0.08%

 
 
http://goldseek.com/news/GoldSeeker/2017/1-5gsr/1.jpg

 

The Metals:

 

Gold gained $15.41 to $1178.91 in Asia before it pared back to $1170.62 in London, but it then rose to a new session high of $1184.82 in New York and ended with a gain of 1.52%.  Silver rose to as high as $16.709 and ended with a gain of 1.16%.

 

Euro gold rose to about €1114, platinum gained $27 to $966, and copper fell a couple of cents to about $2.53.

 

Gold and silver equities rose roughly 6% by midday and remained near that level into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

ADP Employment

Dec

153K

170K

215K

Initial Claims

12/31

235K

265K

263K

ISM Services

Dec

57.2

56.6

57.2

 

Tomorrow brings December’s jobs data, the Trade Balance, and Factory Orders.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/1-5gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil pared early gains but still ended almost 1% higher after the Energy Information Administration reported that crude inventories fell 7.1 million barrels, gasoline inventories rose 8.3 million barrels, and distillates rose 10.1 million barrels.

 

The U.S. dollar index fell markedly and treasuries rose as the Dow and S&P dropped on uncertainty about President-elect Donald Trump’s plans to boost government spending.

 

Among the big names making news in the market today were and Macy's, Kohl's, Sears, SoftBank, Deutsche Bank, Constellation Brands, and Wal-Mart.

 

GATA Posts:

 

 

China's choices narrowing as it burns through FX reserves to support yuan

'Audit the Fed' bill gets new push under Trump

 

The Statistics:

As of close of business: 1/4/2017

Gold Warehouse Stocks:

9,117,885.573

-4,822.629

Silver Warehouse Stocks:

181,730,298.991

-172,738.93

 

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

813.871

26,166,777

US$30,778m

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$5,250m

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$5,804m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$424m

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: 196.61: +0.41 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,612.51: -4.61 change from yesterday’s data.

 

The Miners:

 

Alamos Gold’s (AGI) permits, Jaguar’s (JAG.TO) recommissioning, and Tahoe’s (TAHO) dividend were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Alamos Gold

AGI +14.13% $8.56

2.  Coeur

CDE +13.31% $11.24

3.  McEwen

MUX +11.64% $3.74

 

LOSERS

1.  Freeport

FCX -1.42% $14.62

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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 -- Published: Thursday, 5 January 2017 | E-Mail  | Print  | Source: GoldSeek.com

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