-- Published: Thursday, 19 January 2017 | Print | Disqus
| Close | Gain/Loss |
Gold | $1204.80 | -$0.80 |
Silver | $17.00 | -$0.08 |
XAU | 87.56 | -0.46% |
HUI | 200.46 | -0.59% |
GDM | 638.25 | -0.87% |
JSE Gold | 1451.66 | -54.93 |
USD | 101.15 | -0.07 |
Euro | 106.59 | +0.27 |
Yen | 87.08 | -0.21 |
Oil | $51.37 | +$0.29 |
10-Year | 2.459% | +0.070 |
T-Bond | 150.90625 | -1.125 |
Dow | 19732.40 | -0.37% |
Nasdaq | 5540.08 | -0.28% |
S&P | 2263.69 | -0.36% |
The Metals:
Gold fell $7.89 to $1197.71 in Asia before it bounced back to $1205.85 in early New York trade and then fell to a new session low of $1195.98 at about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.07%. Silver slipped to as low as $16.736 before it also bounced back higher, but it still ended with a loss of 0.47%.
Euro gold fell to about €1130, platinum lost $5 to $956, and copper remained at about $2.62.
Gold and silver equities fell about 2% in the first half hour of trade before they rallied back higher for most of the rest of the day, but they still ended with modest losses.
The Economy:
Report | For | Reading | Expected | Previous |
Initial Claims | 1/14 | 234K | 252K | 249K |
Housing Starts | Dec | 1226K | 1193K | 1102K |
Building Permits | Dec | 1210K | 1217K | 1212K |
Philadelphia Fed | Jan | 23.6 | 15.3 | 19.7 |
There are no major economic reports due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared early gains after the Energy Information Administration reported that crude inventories rose 2.3 million barrels, gasoline inventories rose 10.6 million barrels, and distillates rose 6.0 million barrels.
The U.S. dollar index erased early gains and ended lower as the euro ultimately rose after Draghi did not alter ECB policy.
Treasuries fell on better than expected economic data.
The Dow, Nasdaq, and S&P dropped on uncertainty surrounding the inauguration of Donald Trump as the 45th President of the United States.
Among the big names making news in the market today were Citigroup, Western Union, Anthem and Cigna, and Tesla.
GATA Posts:
John Embry: Watch out when reality breaks through fake news, manipulated markets
GATA Chairman Murphy interviewed by the Daily Coin
China cuts U.S. Treasury holdings to lowest level since 2010
Free candy bar more appealing to Californians than a free gold coin
The Statistics:
As of close of business: 1/18/2017
Gold Warehouse Stocks: | 8,980,970.936 | -1,307.50 |
Silver Warehouse Stocks: | 180,219,561.793 | -1,386,022.14 |
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$31,063m |
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$5,334m |
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$5,891m |
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: 198.75: +0.45 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,524.06: No change from yesterday’s data.
The Miners:
Gold Standard’s (GSV) assay results and Endeavor Silver’s (EXK) updated reserves and resources were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Great Panther | GPL +1.68% $1.82 |
2. New Gold | NGD +1.22% $4.16 |
3. Silver Wheaton | SLW +1.12% $20.84 |
LOSERS
1. Alexco | AXU -3.37% $1.72 |
2. Tahoe Resources | TAHO-3.14% $8.94 |
3. Northern Dynasty | NAK -2.77% $2.46 |
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, 19 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Pares Early Losses To End Only Slightly Lower
