-- Published: Friday, 20 January 2017 | Print | Disqus
| Close | Gain/Loss | On Week |
Gold | $1207.60 | +$2.80 | +0.78% |
Silver | $17.07 | +$0.07 | +1.61% |
XAU | 88.68 | +1.28% | +1.88% |
HUI | 202.63 | +1.08% | +1.68% |
GDM | 644.51 | +1.02% | +1.73% |
JSE Gold | 1442.54 | -9.12 | +1.10% |
USD | 100.84 | -0.31 | -0.40% |
Euro | 106.96 | +0.32 | +0.55% |
Yen | 87.33 | +0.30 | +0.06% |
Oil | $52.42 | +$1.05 | +0.10% |
10-Year | 2.467% | +0.008 | +3.66% |
Bond | 150.71875 | -0.34375 | -0.88% |
Dow | 19827.25 | +0.48% | -0.29% |
Nasdaq | 5555.33 | +0.28% | -0.34% |
S&P | 2271.31 | +0.34% | -0.15% |
The Metals:
Gold gained $4.26 to $1209.06 in Asia before it fell back to $1198.66 in London, but it then jumped up to $1214.79 in afternoon New York trade and ended with a gain of 0.23%. Silver rose to as high as $17.148 and ended with a gain of 0.41%.
Euro gold fell to about €1129, platinum gained $15.50 to $971.50, and copper remained at about $2.62.
Gold and silver equities rose over 1% by midmorning and remained near that level for the rest of the day.
The Economy:
Trumponomics may be wrong medicine for U.S. economy today Reuters
Fed likely to start shrinking balance sheet this year: Harker MarketWatch
Yellen Backs Gradual Rate Rises as Fed Not Behind the Curve Bloomberg
All of this week’s other economic reports:
NAHB Housing Market Index - January | 67 v. 69 |
Next week’s economic highlights include Existing Home Sales on Tuesday, the FHFA Housing Price Index on Wednesday, Initial Jobless Claims, International Trade in Goods, Leading Indicators, and New Home Sales on Thursday, and GDP, Durable Goods Orders, and Michigan Sentiment on Friday.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil gained 2% “on expectations that this weekend's meeting of the world's top oil producers would demonstrate compliance to a global output cut deal.”
The U.S. dollar index fell as the euro continued higher after yesterday’s ECB decision to leave rates unchanged.
Treasuries edged lower as the Dow, Nasdaq, and S&P remained higher after Trump’s inauguration speech.
Among the big names making news in the market Friday were GE, AIG, and Mitsubishi.
GATA Posts:
GATA board member Ed Steer interviewed by financial letter writer Dennis Miller
Mnuchin says long-term strength of U.S. dollar is important
The Statistics:
Activity from: 1/19/2017
Gold Warehouse Stocks: | 8,980,970.936 | - |
Silver Warehouse Stocks: | 180,131,209.068 | -88,352.725 |
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$31,180m |
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$5,346m |
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$5,908m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$433m |
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: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,524.06: No change from yesterday’s data.
The Miners:
WINNERS
1. Northern Dynasty | NAK +6.91% $2.63 |
2. Gold Standard | GSV +4.67% $2.24 |
3. Eldorado | EGO +3.59% $3.46 |
LOSERS
1. Great Panther | GPL -1.10% $1.80 |
2. Nevsun | NSU -0.31% $3.20 |
3. AngloGold | AU -0.25% $12.06 |
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
- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here
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 Gold-Seeker.com 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. Gold-Seeker.com 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 Gold-Seeker.com’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.
| Digg This Article
-- Published: Friday, 20 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 1% and 2% on the Week
