-- Published: Thursday, 17 January 2019 | Print | Disqus
| Close | Gain/Loss |
Gold | $1291.80 | -$1.50 |
Silver | $15.53 | -$0.06 |
XAU | 69.53 | -0.01% |
HUI | 153.79 | +0.06% |
GDM | 578.47 | +0.31% |
JSE Gold | 1353.59 | +32.94 |
USD | 96.05 | -0.02 |
Euro | 113.91 | -0.05 |
Yen | 91.77 | -0.17 |
Oil | $52.07 | -$0.24 |
10-Year | 2.746% | +0.025 |
T-Bond | 145.1875 | -0.28125 |
Dow | 24370.10 | +0.67% |
Nasdaq | 7084.46 | +0.71% |
S&P | 2635.96 | +0.76% |
The Metals:
Gold chopped between $1291.40 and $1295.00 in Asia before it dipped to $1288.90 by midmorning in New York, but it then bounced back higher into the close and ended with a loss of just 0.12%. Silver slipped to as low as $15.457 and ended with a loss of 0.38%.
Euro gold edged down to €1134, platinum gained $5 to $809, and copper climbed 3 cents to abut $2.70.
Gold and silver equities traded mostly lower and ended mixed.
The Economy:
Philadelphia Fed manufacturing index rebounds in January MarketWatch
Gloomy forecast for Davos: crises aplenty, but few world leaders Reuters
Trump tariffs force tough choices at U.S. auto suppliers Reuters
US weekly jobless claims total 213,000, vs 220,000 expected CNBC
Tomorrow brings Industrial production, Capacity utilization, and Consumer sentiment.
The Markets:
Oil fell 0.5% on concerns over slowing demand.
The U.S. dollar index held near unchanged and treasuries fell while the Dow, Nasdaq, and S&P erased early losses and ended nicely higher on speculation over progress in trade talks with China.
Among the big names making news in the market today were Deutsche Bank, Signet, Huawei, Morgan Stanley, and Facebook.
GATA Posts:
J.P. Koning: How California stayed with gold when the rest of the U.S. adopted fiat money
The Statistics:
As of close of business: 1/16/2019
Gold Warehouse Stocks: | 8,408,064.737 | -160.75 | |
Silver Warehouse Stocks: | 292,725,932.695 | -432,401.708 | |
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 | 797.706 | 25,647,044 | US$33,097m |
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$5,737m |
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$6,340m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$464m |
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.49: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,673.34: No change from yesterday’s data.
The Miners:
Asanko Gold’s (AKG) production results, Paramount’s (PZG) application for a Conditional Use Permit, Great Panther’s (GPL) production and unit cost guidance, Avino’s (ASM) production results, and Fortuna’s (FSM) production results and guidance were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Sibanye | SBGL +8.06% $2.95 |
2. Gold Fields | GFI +3.62% $3.72 |
3. Pretivm | PVG +2.08% $6.86 |
LOSERS
1. IAMGOLD | IAG -6.23% $3.01 |
2. Gold Standard | GSV -5.51% $1.20 |
3. DRDGOLD | DRD -3.72% $2.07 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Thursday, 17 January 2019 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Rise on Trade Talk
