-- Published: Tuesday, 22 January 2019 | Print | Disqus
| Close | Gain/Loss |
Gold | $1284.60 | +$3.90 |
Silver | $15.33 | UNCH |
XAU | 68.74 | +0.53% |
HUI | 152.20 | +0.95% |
GDM | 572.33 | +0.18% |
JSE Gold | 1341.80 | +33.06 |
USD | 96.36 | -0.01 |
Euro | 113.63 | -0.03 |
Yen | 91.65 | +0.41 |
Oil | $52.57 | -$1.23 |
10-Year | 2.739% | -0.048 |
T-Bond | 145.21875 | +0.6875 |
Dow | 24404.48 | -1.22% |
Nasdaq | 7020.36 | -1.91% |
S&P | 2632.90 | -1.42% |
The Metals:
Gold dipped $3.80 to $1276.90 in holiday thinned trade yesterday before it bounced back to $1284.90 in Asia today and then dropped back under unchanged in late morning New York action, but it then climbed to a new session high of $1285.40 near the close and ended with a gain of 0.3%. Silver rose to as high as $15.348 and ended unchanged on the day.
Euro gold rose above €1131, platinum lost $5.50 to $787, and copper dropped 6 cents to about $2.66.
Gold and silver equities rose in afternoon trade and ended modestly higher.
The Economy:
U.S. rejects offer from China for preparatory trade talks: FT Reuters
IMF cuts world economic forecast for 2019, citing trade tensions MarketWatch
Existing-home sales slide to a 3-year low as housing market stumbles MarketWatch
Fed to stress patience and that means no interest-rate move until at least June MarketWatch
Ray Dalio sees 'significant risk' of possible US recession in 2020 CNBC
Tomorrow brings the very last Gold Seeker Closing Report.
The Markets:
Oil fell over 2% on concerns over trade and slowing economic growth.
The U.S. dollar index ended slightly lower in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P dropped almost 2% on fears about a long-lasting trade war between the US and China.
Among the big names making news in the market today were PG&E, GE, and Mastercard.
GATA Posts:
Ron Paul: Fire the Fed? You can't even audit it
Gold Fields reported interested in merging with AngloGold
Tom Holland: There's really no Chinese trade surplus anymore
Scotiabank drops 348-year-old Mocatta name in metals unit revamp
The Statistics:
As of close of business: 1/18/2019
Gold Warehouse Stocks: | 8,405,974.987 | - |
Silver Warehouse Stocks: | 296,101,547.130 | +698,087.952 |
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 | 809.759 | 26,034,556 | US$33,371m |
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$5,695m |
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$6,288m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$461m |
Note: Change in Total Tonnes from yesterday’s data: SPDR added 12.053 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 288.49: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,552.22: No change from yesterday’s data.
The Miners:
Barrick’s (ABX) production in Mali and full year production results, Eldorado’s (EGO) fourth quarter and full year 2018 production results, and Pan American’s (PAAS) full year 2018 production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. New Gold | NGD +4.36% $1.00 |
2. Gold Fields | GFI +4.19% $3.73 |
3. Alamos | AGI +3.39% $3.96 |
LOSERS
1. Americas Silver | USAS -8.33% $1.54 |
2. Pan American | PAAS-6.98%$13.19 |
3. Tahoe Resources | TAHO -5.75% $3.44 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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-- Published: Tuesday, 22 January 2019 | E-Mail | Print | Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains While Stocks Drop 
