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Gold Seeker Closing Report: Gold and Silver Gain While Stocks and Dollar Drop
By: Chris Mullen, Gold-Seeker.com

 -- Published: Monday, 30 January 2017 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1195.80

+$4.90

Silver

$17.13

+$0.01

XAU

89.02

-0.62%

HUI

201.54

-0.64%

GDM

646.05

+0.06%

JSE Gold

1489.24

+52.09

USD

100.45

-0.12

Euro

106.97

-0.02

Yen

87.92

+1.04

Oil

$52.63

-$0.54

10-Year

2.483%

+0.002

T-Bond

150.0625

-0.3125

Dow

19971.13

-0.61%

Nasdaq

5613.71

-0.83%

S&P

2280.90

-0.60%

 
 
http://goldseek.com/news/GoldSeeker/2017/1-30gsr/1.jpg

 

The Metals:

 

Gold gained $4.74 to $1195.64 in Asia before it fell back to $1188.25 in London, but it then rose to a new session high of $1199.29 in New York and ended with a gain of 0.41%.  Silver rose to as high as $17.27 and ended with a gain of 0.06%.

 

Euro gold rose to about €1118, platinum gained $4 to $987, and copper fell a few cents to about $2.66.

 

Gold and silver equities rose about 1.5% by midmorning before they drifted back lower for most of the rest of trade, but they ended mixed and near unchanged on the day.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Personal Income

Dec

0.3%

0.4%

0.1%

Personal Spending

Dec

0.5%

0.4%

0.2%

PCE Prices – Core

Dec

0.1%

0.2%

0.0%

Pending Home Sales

Dec

1.6%

1.3%

-2.5%

 

Tomorrow brings the Employment Cost Index, the S&P Case Shiller Home Price Index, Chicago PMI, and Consumer Confidence.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/1-30gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell 1% on continued concerns about climbing US production.

 

The U.S. dollar index erased early gains and closed lower while treasuries traded mixed as the Dow, Nasdaq, and S&P dropped on concerns about Trump’s shift toward isolationist policies.

 

Among the big names making news in the market today were Walgreens, VW, Tesla, Fitbit, GM, and Honda.

 

GATA Posts:

 

 

Sunken British warship laden with gold to be raised 250 years after battle

Avery Goodman: 729% increase in Comex gold deliveries in January

Remember Greece? It's still as insolvent as ever ...

 

The Statistics:

As of close of business: 1/27/2017

Gold Warehouse Stocks:

8,994,281.385

-321.15

Silver Warehouse Stocks:

179,612,054.227

-106,241.32

 

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

799.070

25,690,912

US$30,634m

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$5,313m

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$5,870m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$429m

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: -0.45 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,444.47: +23.59 change from yesterday’s data.

 

The Miners:

 

New Gold’s (NGD) mine delay, Paramount’s (PZG) drill results, Newmont’s (NEM) sustainability, Randgold’s (GOLD)  production, Gold Resource’s (GORO) mine accidents, and Silvercorp’s (SVM.TO) exploration results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Avino

ASM +2.55% $1.61

2.  Tahoe Resources

TAHO +2.26% $9.04

3.  Kinross

KGC +2.22% $3.69

 

LOSERS

1.  New Gold

NGD-25.76% $2.94

2.  Taseko

TGB -5.52% $1.37

3.  Gold Resource

GORO-3.20% $5.15

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 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.


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 -- Published: Monday, 30 January 2017 | E-Mail  | Print  | Source: GoldSeek.com

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