-- Published: Tuesday, 10 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1187.20 | +$4.70 |
Silver | $16.79 | +$0.22 |
XAU | 86.50 | +1.29% |
HUI | 198.34 | +0.4% |
GDM | 628.44 | +0.54% |
JSE Gold | 1429.17 | +25.55 |
USD | 101.98 | UNCH |
Euro | 105.61 | -0.20 |
Yen | 86.43 | +0.08 |
Oil | $50.82 | -$1.14 |
10-Year | 2.379% | +0.003 |
T-Bond | 152.59375 | -0.125 |
Dow | 19855.53 | -0.16% |
Nasdaq | 5551.82 | +0.36% |
S&P | 2268.90 | UNCH |
The Metals:
Gold gained $5.05 to $1187.55 in Asia before it fell to see a slight loss at $1181.07 in London, but it then jumped to as high as $1190.45 in New York and ended with a gain of 0.4%. Silver rose as high as $16.904 and ended with a gain of 1.33%.
Euro gold rose to about €1124, platinum lost $1 to $974, and copper climbed 7 cents to about $2.61.
Gold and silver equities rose roughly 2% in the first 15 minutes of trade before they fell back to about unchanged by early afternoon, but they then edged back higher into the close and ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Wholesale Inventories | Nov | 1.0% | 0.9% | -0.1% |
Job openings in November at 5.5 million, hires and separations little changed CNBC
U.S. small business confidence soars to 12-year high: group Reuters
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell over 2% more on worries about an increase in U.S. production.
The U.S. dollar index held near unchanged ahead of U.S. President-elect Donald Trump's first news conference tomorrow.
Treasuries remained slightly lower after today’s $24 billion 3-year note auction sold at a yield of 1.475% with a bid to cover of 2.97.
The Dow, Nasdaq, and S&P traded mixed in anticipation of fourth quarter earnings reports.
Among the big names making news in the market today were Deutsche Bank, Alibaba, SoftBank, and Yahoo.
GATA Posts:
FX 'cartel' traders said to face U.S. rigging charges
The Statistics:
As of close of business: 1/9/2017
Gold Warehouse Stocks: | 9,089,595.973 | -14,625.85 |
Silver Warehouse Stocks: | 181,894,669.931 | +1,211,650.90 |
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 | 804.996 | 25,881,434 | US$30,783m |
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$5,276m |
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$5,829m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$426m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 35.73 | 1,148,868 | US$1,391m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 8.595 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.30: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,612.51: No change from yesterday’s data.
The Miners:
Yamana’s (AUY) suspended operations in Chile, Osisko’s (OSK.TO) exploration earn-in agreement with Barrick (ABX), Richmont’s (RIC) transfer of the listing of its common shares from NYSE MKT to the New York Stock Exchange, Excellon’s (EXN.TO) appointment of Dr. Craig Ford as Vice-President Corporate Responsibility, Endeavour Silver’s (EXK) 2016 production, and Hecla’s (HL) 2016 production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Turquoise | TRQ +7.55% $3.56 |
2. Seabridge | SA +7.34% $9.50 |
3. Freeport | FCX +5.93% $15.55 |
LOSERS
1. Tahoe Resources | TAHO-4.34% $9.04 |
2. Paramount | PZG -3.85% $1.75 |
3. Vista Gold | VGZ -2.91% $1.00 |
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, 10 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain Again
