-- Published: Friday, 29 December 2017 | Print | Disqus
Please Note: US markets are closed on Monday for New Year's Day.
| Close | Gain/Loss | On Week |
Gold | $1303.20 | +$8.70 | +2.27% |
Silver | $16.94 | +$0.11 | +3.86% |
XAU | 85.27 | -0.21% | +1.50% |
HUI | 192.31 | +0.00% | +1.80% |
GDM | 650.61 | +0.12% | +1.67% |
JSE Gold | 1303.59 | +12.89 | +4.94% |
USD | 92.30 | -0.36 | -1.09% |
Euro | 120.03 | +0.60 | +1.18% |
Yen | 88.81 | +0.20 | -0.05% |
Oil | $60.42 | +$0.58 | +3.34% |
10-Year | 2.411% | -0.023 | -3.06% |
Bond | 152.90625 | +0.1875 | +1.18% |
Dow | 24719.22 | -0.48% | -0.14% |
Nasdaq | 6903.39 | -0.67% | -0.81% |
S&P | 2673.61 | -0.52% | -0.36% |
The Metals:
Gold gained $13 to $1307.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.67%. Silver rose to as high as $17.097 and ended with a gain of 0.65%.
Euro gold rose to about €1086, platinum gained $2 to $927, and copper closed at about $3.28.
Gold and silver equities waffled near unchanged and ended mixed.
The Economy:
Commodities End 2017 With a Bang in Longest Rally on Record Bloomberg
U.S. Upper Midwest factory sector grows fastest in three years Reuters
Trouble ahead? What 4 recession indicators say about the economy MarketWatch
Next week’s economic highlights include S&P Corelogic Case-Shiller HPI on Tuesday, Consumer Confidence and Pending Home Sales on Wednesday, and Initial Jobless Claims, International Trade in Goods, and Chicago PMI on Thursday.
The Markets:
Oil gained 1% after Baker Hughes reported a drop of two gas rig counts down to 182 in the US while oil rigs held steady at 747.
The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P drifted lower in quiet yearend trade.
Among the big names making news in the market Friday were SoftBank, Uber, Airbus, Boeing, Apple, Goldman, Alibaba, Amazon, and Facebook.
GATA Posts:
The monetary metals mining industry won't help, so we need yours by Sunday
Michael Ballanger: CME's 'fiat police' arrive right on schedule
On GoldSeek Radio, GATA chairman says monetary metals are most undervalued
Citigroup fined for telling clients to buy when it meant sell
Bitcoin tumbles over exchange-closure fears
The Statistics:
Activity from: 12/28/2017
Gold Warehouse Stocks: | 9,142,795.216 | - |
Silver Warehouse Stocks: | 243,359,259.355 | +1,941,221.16 |
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 | 837.496 | 26,926,340 | US$34,899m |
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$5,770m |
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$6,364m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$468m |
COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.49.
Silver Trust (SLV) Total Tonnes in Trust: 10,060.72.
The Miners:
MAG Silver’s (MAG) preliminary short form base shelf prospectus and Alexco’s (AXU) amendment to its Water Use License were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Alexco | AXU +3.25% $1.59 |
2. B2Gold | BTG +2.99% $3.10 |
3. McEwen | MUX +2.70% $2.28 |
LOSERS
1. Avino | ASM -5.63% $1.34 |
2. Americas Silver | USAS -4.49% $3.62 |
3. Great Panther | GPL -3.01% $1.29 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
- 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, 29 December 2017 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Roughly 2% and 4% on the Week
