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Gold Seeker Closing Report: Gold and Silver Edge Lower in Late Trade
By: Chris Mullen, Gold Seeker Report

 -- Published: Thursday, 18 January 2018 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1326.30

-$2.70

Silver

$16.94

-$0.08

XAU

87.57

-1.74%

HUI

196.54

-1.77%

GDM

662.63

-1.38%

JSE Gold

1309.56

-3.95

USD

90.52

-0.19

Euro

122.41

+0.30

Yen

90.16

+0.03

Oil

$63.95

-$0.02

10-Year

2.620%

+0.048

T-Bond

149.25

-1.0625

Dow

26017.81

-0.37%

Nasdaq

7296.05

-0.03%

S&P

2798.03

-0.16%

 
http://www.goldseek.com/news/2018/2018-01-18_14-01-23.jpg

 

The Metals:

 

Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.908 and ended with a loss of 0.47%.

 

Euro gold fell to about €1084, platinum gained $0.50 to $1000, and copper climbed a penny to about $3.20.

 

Gold and silver equities dropped throughout most of the day and ended almost 2% lower.

 

The Economy:

 

Cold weather chills U.S. homebuilding; jobless claims at 45-year low  Reuters

Philly Fed Index Falls More Than Expected In January  Markets Insider

U.S. Housing Starts Fall More Than Expected While Permits Steady  Bloomberg

Jobless claims crash to 45-year low, fall 41,000 to 220,000  MarketWatch

 

Tomorrow brings Consumer Sentiment.

 

The Markets:

 

Oil pared early losses to end near unchanged after the Energy Information Administration reported that crude inventories fell 6.9 million barrels, gasoline inventories rose 3.6 million barrels, and distillates fell 3.9 million barrels.

 

The U.S. dollar index edged lower on continued concerns about a possible government shutdown.

 

Treasuries fell on profit taking.

 

The Dow, Nasdaq, and S&P traded mostly lower on concerns about rising interest rates.

 

Among the big names making news in the market today were Amazon, Airbus, GNC, Alcoa, Morgan Stanley, Apple, and Netflix.

 

GATA Posts:

 

 

Hackers have stolen about 14% of digital currencies

'Disastrous' deals sideline gold-mining M&A as metal rises

 

The Statistics:

As of close of business: 1/17/2018

Gold Warehouse Stocks:

9,477,089.916

+324,357.372

Silver Warehouse Stocks:

246,311,981.982

-40,797.199

 

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

828.956

26,651,766

US$35,499m

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$5,909m

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$6,528m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$476m

 Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 250.73: +0.51 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday’s data.

 

The Miners:

 

Barrick’s (ABX) revised sanction, Turquoise Hill’s (TRQ) force majeure declaration, and IMPACT Silver’s (IPT.V) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Paramount

PZG +4.43% $1.33

2.  Gold Standard

GSV +1.25% $1.62

3.  Northern Dynasty

NAK +1.18% $1.71

 

LOSERS

1.  Americas Silver

USAS -6.18% $4.10

2.  Endeavour Silver

EXK -5.93% $2.38

3.  Avino

ASM -5.33% $1.42

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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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2018

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

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 -- Published: Thursday, 18 January 2018 | E-Mail  | Print  | Source: GoldSeek.com

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