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Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%
By: Chris Mullen,

 -- Published: Tuesday, 17 January 2017 | Print  | Disqus 



















JSE Gold































The Metals:


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.


The Economy:







Empire Manufacturing






Tomorrow brings CPI, Industrial Production, Capacity Utilization, the NAHB Housing Market Index, the Fed's Beige Book, and Net Long-Term TIC Flows.


The Markets:

Charts Courtesy of


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.


GATA Posts:



Trump's comments send dollar reeling

Hugo Salinas Price: The further decline in international reserves


The Statistics:

As of close of business: 1/13/2017

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




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.


The Miners:


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

2.  Kinross

KGC +8.04% $3.63

3.  Taseko

TGB +5.98% $1.24



1.  Nevsun

NSU -6.84% $3.27

2.  Almaden

AAU -5.61% $1.01

3.  Freeport

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

© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.

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 -- Published: Tuesday, 17 January 2017 | E-Mail  | Print  | Source:

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