Gold Seeker Closing Report: Gold and Silver End Slightly Lower in Mixed Trade
| Close | Gain/Loss |
Gold | $1289.20 | -$2.40 |
Silver | $15.57 | -$0.06 |
XAU | 69.37 | -2.50% |
HUI | 153.07 | -2.68% |
GDM | 576.85 | -1.64% |
JSE Gold | 1345.05 | -31.18 |
USD | 95.93 | +0.33 |
Euro | 114.12 | -0.58 |
Yen | 92.36 | -0.05 |
Oil | $52.11 | +$1.60 |
10-Year | 2.718% | +0.011 |
T-Bond | 145.3125 | -0.09375 |
Dow | 24065.59 | +0.65% |
Nasdaq | 7023.83 | +1.71% |
S&P | 2610.30 | +1.07% |
The Metals:
Gold dipped $4 to $1287.60 at about 5AM EST before it rose to as high as $1294.70 by midmorning in New York and then fell to a new session low of $1286.90 by early afternoon, but it then rallied back higher into the close and ended with a loss of just 0.19%. Silver chopped between $15.542 and $15.694 and ended with a loss of 0.38%.
Euro gold EUR1126 platinum lost $3 to $796, and copper climbed 2 cents to about $2.65.
Gold and silver equities fell roughly 2% by early afternoon and remained near that level for the rest of the day.
UK leader Theresa May suffers resounding defeat on her Brexit divorce deal CNBC
Fed's George, often hawkish, says it might be good time for interest-rate pause MarketWatch
Empire State manufacturing index slumps again in January to lowest level in more than a year MarketWatch
U.S. producer prices post biggest drop in over two years Reuters
Source: White House believes shutdown will be twice as costly CNBC
Trump to meet lawmakers at White House as shutdown enters 25th day Reuters
Tomorrow brings Import prices, the Home builders' index, and the Beige book.
The Markets:
Oil rose over 3% after "Chinese officials said they would step up efforts to spur economic growth this year."
The U.S. dollar index rose as the pound and euro fell after May's Brexit deal was rejected in the House of Commons.
Treasuries edged lower as the Dow, Nasdaq, and S&P gained roughly 1% on hopes of more stimulus for China's economy.
Among the big names making news in the market today were Dave & Buster's, Blue Apron, Wells Fargo, PG&E, JPMorgan, Delta Air, UnitedHealth, and Netflix.
GATA Posts:
Turkey set to refine more Venezuelan gold as Maduro sends committee
Russia plans to tackle U.S. sanctions with bitcoin, Kremlin economist says
Newmont to become largest gold producer with $10 billion purchase of Goldcorp
Bank of China to enable payment in yuan on U.S. e-commerce platforms
Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites
The Statistics:
As of close of business: 1/14/2019
Gold Warehouse Stocks: | 8,411,849.727 | -9,804.286 |
Silver Warehouse Stocks: | 293,156,284.103 | +601,377.709 |
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(R) Gold Shares | 797.706 | 25,647,044 | US$33,192m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) | Gold Bullion Securities | 138.13 | 4,441,056 | US$5,722m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierb?rse (Deutsche B?rse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 152.66 | 4,908,200 | US$6,324m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$463m |
Note: No change in Total Tonnes from yesterday's data.797.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 286.10: No change from yesterday's data.
Silver Trust (SLV) Total Tonnes in Trust: 9,755.07: No change from yesterday's data.
Alio Gold's (ALO) updated Life of Mine Plan, Paramount's (PZG) accepted baseline reports, McEwen's (MUX) production results, Hecla's production results, and Excellon's (EXN.TO) production results were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Americas Silver | USAS +3.09% $1.67 |
2. Alamos | AGI +2.89% $3.92 |
3. EMX Royalty | EMX +1.80% $1.13 |
LOSERS
1. First Majestic | AG -10.03% $5.38 |
2. Hecla | HL -9.49% $2.48 |
3. Coeur | CDE -8.32% $4.52 |
Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.
- Chris Mullen, Gold Seeker Report
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