-- 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% |
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:
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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-- Published: Monday, 30 January 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Gain While Stocks and Dollar Drop
