-- Published: Thursday, 12 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1195.40 | +$4.50 |
Silver | $16.78 | +$0.05 |
XAU | 86.22 | -0.22% |
HUI | 198.48 | +0.29% |
GDM | 630.97 | +0.30% |
JSE Gold | 1452.53 | +44.21 |
USD | 101.36 | -0.40 |
Euro | 106.22 | +0.39 |
Yen | 87.27 | +0.57 |
Oil | $53.01 | +$0.76 |
10-Year | 2.361% | -0.009 |
T-Bond | 152.65625 | -0.15625 |
Dow | 19891.00 | -0.32% |
Nasdaq | 5547.48 | -0.29% |
S&P | 2270.44 | -0.21% |
The Metals:
Gold gained $16.02 to $1206.92 in Asia before it drifted back lower in London and New York, but it still ended with a gain of 0.38%. Silver rose to as high as $16.982 and ended with a gain of 0.3%.
Euro gold fell to about €1125, platinum gained $5 to $973, and copper climbed 6 cents to about $2.67.
Gold and silver equities rose roughly 3% in the first half hour of trade, but they fell back off for most of the rest of the day and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Jobless Claims | 1/07 | 247K | 255K | 237K |
Import Prices | Dec | 0.4% | - | -0.2% |
Import Prices ex-oil | Dec | -0.2% | - | -0.1% |
Export Prices | Dec | 0.3% | - | -0.1% |
Export Prices ex-ag. | Dec | 0.4% | - | -0.1% |
Treasury Budget | Dec | -$27.5B | - | -$14.4B |
Tomorrow brings PPI, Retail Sales, Business Inventories, and Michigan Sentiment.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on reports of strong demand from China.
The U.S. dollar index fell and treasuries traded mixed as the Dow, Nasdaq, and S&P dropped on worries about upcoming earnings and economic reports.
Among the big names making news in the market today were Takata, Amazon, Fiat Chrysler, Wells Fargo, and UniCredit.
GATA Posts:
Real metal will defeat paper gold someday, Hathaway writes contentedly
The Statistics:
As of close of business: 1/11/2017
Gold Warehouse Stocks: | 8,958,378.300 | -128,002.673 |
Silver Warehouse Stocks: | 180,785,559.523 | +127,921.733 |
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$31,184m |
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$5,337m |
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$5,902m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$429m |
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: 198.30: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,524.06: -88.45 change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) drill results, Nevsun’s (NSU) 2016 operational results, AuRico’s (AMI.TO) project update, Paramount’s (PZG) board appointment, Banro’s (BAA) 2016 production results, Goldcorp’s (GG) sold project, Yamana’s (AUY) 2016 operational results, Entree Gold’s (EGI) financing, Timmins Gold’s (TGD) 2016 production results, Northern Dynasty’s (NAK) bought deal financing, and Silver Standard’s (SSRI) 2016 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. AngloGold | AU +3.75% $11.89 |
2. Nevsun | NSU +3.61% $3.44 |
3. Gold Fields | GFI +3.53% $3.38 |
LOSERS
1. Great Panther | GPL -7.07% $1.71 |
2. Almaden | AAU -3.81% $1.01 |
3. Freeport | FCX -3.78% $15.27 |
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: Thursday, 12 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks and Dollar Fall
