-- Published: Tuesday, 17 January 2017 | Print | Disqus
Gold traded mostly modestly higher in holiday thinned trade yesterday and rose to as high as $1218.68 in London today before it chopped back lower at times in New York, but it still ended with a gain of 1.44% from Friday’s close. Silver rose to as high as $17.20 and ended with a gain of 2.2%.
Euro gold rose to about €1135, platinum lost $9.50 to $970, and copper fell 7 cents to about $2.62.
Gold and silver equities rose roughly 3% at the open and remained near that level for the rest of the day.
Tomorrow brings CPI, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, the Fed's Beige Book, and Net Long-Term TIC Flows.
Charts Courtesy of http://finance.yahoo.com/
Oil edged higher “after Saudi Arabia’s energy minister said compliance with production cuts will help the market reach a balance between supply and demand by the middle of the year.”
The U.S. dollar index fell markedly and treasuries rose as the Dow, Nasdaq, and S&P dropped after a “senior adviser to Donald Trump warned about the risks of a stronger dollar at the World Economic Forum.” This furthered commentary from Trump about China devaluating their currency in an interview late last week with The Wall Street Journal.
Among the big names making news in the market today were Deutsche Bank, Lowe’s, Sears, GM, Morgan Stanley, and Wal-Mart.
Trump's comments send dollar reeling
Hugo Salinas Price: The further decline in international reserves
As of close of business: 1/13/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: Change in Total Tonnes from Friday’s data: SPDR added 2.964 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.30: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,524.06: No change from yesterday’s data.
Goldcorp’s (GG) comments on partnering with other big gold miners, Kirkland’s (KL.TO) drill results, Comstock’s (LODE) strategic refinancing, Richmont’s (RIC) 2016 production results, Timmins Gold’s (TGD) new CEO, Avino’s (ASM) 2016 production results, Coeur’s (CDE) project sale to Pan American (PAAS), Silver Bull’s (SVBL) end of year review and 2017 outline, First Majestic’s (AG) 2016 production, and Americas Silver Corporation’s (USAS) listing on the NYSE MKT were among the big stories in the gold and silver mining industry making headlines today.
1. Northern Dynasty
NAK +9.65% $2.50
KGC +8.04% $3.63
TGB +5.98% $1.24
NSU -6.84% $3.27
AAU -5.61% $1.01
FCX -0.86% $15.06
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, 17 January 2017 | E-Mail | Print | Source: GoldSeek.com