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Gold Seeker Closing Report: Gold Gains on Concerns About China’s Bond Buys
By: Chris Mullen, Gold Seeker Report

 -- Published: Wednesday, 10 January 2018 | Print  | Disqus 



















JSE Gold































The Metals:


Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6AM EST and then drifted back lower in New York, but it still ended with a gain of 0.26%. Silver rose to as high as $17.185 and ended with a loss of 0.12%.


Euro gold rose to about €1102, platinum gained $3 to $969, and copper climbed 2 cents to about $3.22.


Gold and silver equities gained roughly 1% in the first half hour of trade and remained near that level for the rest of the day.


The Economy:


Fed’s Bullard: Shift to price-level targeting ‘not realistic’ yet  MarketWatch

U.S. wholesale inventories rebound strongly in November  Reuters

Fed's Evans says wanted to wait until midyear for rate hike  Reuters

U.S. import prices climb 3% in 2017 - biggest increase in six years  MarketWatch


Tomorrow brings Initial Jobless Claims and PPI.


The Markets:


Oil rose 1% after the Energy Information Administration reported that crude inventories fell 4.9 million barrels, gasoline inventories rose 4.1 million barrels, and distillates added 4.3 million barrels.


The U.S. dollar index fell along with treasuries and the Dow, Nasdaq, and S&P on talk that China may slow or halt purchases of US bonds.


Among the big names making news in the market today were Ford, Kodak, Sears, Lennar, and Ripple.


GATA Posts:


Goldman says cryptocurrencies may succeed as money in some backward places

South African gold miners near silicosis lawsuit settlement

Asian central banks push back, sending dollar bears a warning


The Statistics:

As of close of business: 1/9/2018

Gold Warehouse Stocks:



Silver Warehouse Stocks:




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




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities




London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold




Australian Stock Exchange (ASX)

Gold Bullion Securities




Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 2.952 tonnes.


COMEX Gold Trust (IAU) Total Tonnes in Trust: 247.80: No change from yesterday’s data.


Silver Trust (SLV) Total Tonnes in Trust: 9,877.69: No change from yesterday’s data.


The Miners:


Endeavour Silver’s (EXK) 2017 production results and Hecla’s (HL) 2017 production results were among the big stories in the gold and silver mining industry making headlines today.



1.  McEwen

MUX +6.88% $2.33

2.  Hecla

HL +5.45% $4.26

3.  B2Gold

BTG +4.56% $2.98



1.  Northern Dynasty

NAK -3.45% $1.68

2.  Paramount

PZG -2.34% $1.25

3.  Franco-Nevada

FNV -0.98% $77.72

Winners & Losers tracks NYSE 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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© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to 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. 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’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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