-- Published: Wednesday, 18 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1205.60 | -$10.00 |
Silver | $17.08 | -$0.09 |
XAU | 87.96 | -1.27% |
HUI | 201.66 | -1.53% |
GDM | 642.65 | -1.22% |
JSE Gold | 1506.59 | +5.26 |
USD | 101.22 | +0.87 |
Euro | 106.35 | -0.77 |
Yen | 87.29 | -1.51 |
Oil | $51.08 | -$1.40 |
10-Year | 2.389% | +0.062 |
T-Bond | 151.65625 | -1.65625 |
Dow | 19804.72 | -0.11% |
Nasdaq | 5555.65 | +0.31% |
S&P | 2271.89 | +0.18% |
The Metals:
Gold dipped $5.42 to $1210.18 in Asia before it bounced back to $1216.43 in late morning New York trade, but it then fell back off in afternoon trade and ended with a loss of 0.82%. Silver rose to as high as $17.33 before it also fell back off, but it ended with a loss of just 0.52%.
Euro gold fell to about €1134, platinum lost $9 to $961, and copper remained at about $2.62.
Gold and silver equities traded mostly slightly higher throughout the morning, but they then dropped back off into the close and ended with over 1% losses.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Dec | 0.3% | 0.3% | 0.2% |
Core CPI | Dec | 0.2% | 0.2% | 0.2% |
Industrial Production | Dec | 0.8% | 0.6% | -0.7% |
Capacity Utilization | Dec | 75.5% | 75.4% | 74.9% |
NAHB Housing Market Index | Jan | 67 | - | 69 |
Net Long-Term TIC Flows | Jan | $30.8B | | $9.3B |
Fed's Yellen says she expects rates to rise 'a few times a year' until end of 2019 MarketWatch
Fed’s Beige Book: Prices pressures ‘intensified’ at end of last year MarketWatch
FHA premium drop ignites mortgage refinances, but applications overall are flat CNBC
Tomorrow brings Initial Jobless Claims, Housing Starts, Building Permits, and the Philadelphia Fed.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil fell almost 3% “after the head of the International Energy Agency predicted a rebound in U.S. production.”
The U.S. dollar index rose and treasuries fell on higher than expected inflation data and Fedspeak that sent interest rates higher.
The Dow, Nasdaq, and S&P held near unchanged on mixed earnings reports.
Among the big names making news in the market today were Netflix, Target, BlackRock, Pearson, Deutsche Bank, JPMorgan, and Citigroup.
GATA Posts:
Trump's options for weakening dollar extend far beyond tweeting
The Statistics:
As of close of business: 1/17/2017
Gold Warehouse Stocks: | 8,982,278.436 | +43,750.775 |
Silver Warehouse Stocks: | 181,605,583.933 | +624,783.14 |
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 | 807.960 | 25,976,712 | US$31,549m |
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$5,390m |
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$5,956m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$432m |
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: No change from yesterday’s data.
The Miners:
Gold Resource’s (GORO) acquired property, Primero’s (PPP) preliminary fourth quarter and full-year 2016 operating results, Jaguar’s (JAG.TO) 2016 gold production, and SilverCrest’s (SIL.V) drill results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Taseko | TGB +1.21% $1.255 |
2. Northern Dynasty | NAK +1.20% $2.53 |
3. Freeport | FCX +1.20% $15.24 |
LOSERS
1. Richmont | RIC -5.00% $7.60 |
2. First Majestic | AG -4.95% $9.02 |
3. Alexco | AXU -4.81% $1.78 |
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: Wednesday, 18 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Back Towards $1200 and $17
