• Gold: 1,202.60 -0.94
  • Silver: 14.23 -0.01
  • Euro: 1.170 0.003
  • USDX: 94.366 -0.171
  • Oil: 71.17 0.19

January 11: Gold Gains with Stocks and Oil

Chris Mullen
|
Thursday, January 11th

 

Close

Gain/Loss

Gold

$1321.80

+$4.40

Silver

$16.98

UNCH

XAU

87.04

+1.13%

HUI

195.52

+0.64%

GDM

653.12

+0.43%

JSE Gold

1325.12

+12.06

USD

91.90

-0.42

Euro

120.32

+0.75

Yen

90.03

+0.24

Oil

$63.80

+$0.23

10-Year

2.536%

-0.016

T-Bond

150.3125

+0.25

Dow

25574.73

+0.81%

Nasdaq

7211.78

+0.81%

S&P

2767.56

+0.70%

 
http://www.goldseek.com/news/2018/2018-01-11_14-09-24.jpg

 

The Metals:

 

Gold edged down to $1315.70 in Asia, but it then chopped up to as high as $1323.90 in New York and ended with a gain of 0.33%. Silver slid down to $16.884 before it jumped back to $17.03, but it then drifted back lower into the close and ended unchanged on the day.

 

Euro gold fell to about €1099, platinum gained $13 to $982, and copper remained at about $3.22.

 

Gold and silver equities rose roughly 1% in the first 45 minutes of trade and remained near that level for the rest of the day.

 

The Economy:

 

Treasury releases new withholding tables for new tax law  CNBC

U.S. runs December budget deficit of $23 billion, Treasury says  MarketWatch

US producer prices fall for first time in nearly 1-½ years  CNBC

Jobless Claims in U.S. Rise to Three-Month High After Holidays  Bloomberg

 

Tomorrow brings CPI, Retail Sales, and Business Inventories.

 

The Markets:

 

Oil continued higher on signs of tight supplies and steady demand.

 

The U.S. dollar index fell as the euro jumped higher after the ECB signaled a reduction in their stimulus program soon.

 

Treasuries turned higher after today’s $12 billion 30-year bond auction was bought by a record high 71.49% share by indirect bidders.

 

The Dow, Nasdaq, and S&P followed the oil market higher.

 

Among the big names making news in the market today were Ikea, Intel, Delta, Ford, Wal-Mart, and IBM.

 

GATA Posts:

 

 

South Korea plans to ban cryptocurrency trading, rattling markets

 

The Statistics:

As of close of business: 1/10/2018

Gold Warehouse Stocks:

9,207,445.226

+1,701.466

Silver Warehouse Stocks:

246,072,645.461

+476,974.79

 

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$35,257m

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$5,872m

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$6,489m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$475m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 248.34: +0.54 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: -38.14 change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) fourth quarter and full year production results for 2017, Centerra Gold’s (CG.TO) permit, Golden Star’s (GSS) production results for the fourth quarter and full year ("FY") of 2017 and its guidance for FY 2018, Alamos Gold’s (AGI) fourth quarter and annual 2017 production, B2Gold’s (BTG) gold production and gold revenue for the fourth quarter and full-year 2017, Great Panther’s (GPL) fourth quarter ("Q4") and 2017 production results, and Pan American’s (PAAS)  preliminary operating results for the fourth quarter ("Q4") and full year 2017 were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +5.42% $8.36

2.  Hecla

HL +5.40% $4.49

3.  Yamana

AUY +5.03% $3.34

 

LOSERS

1.  Alamos

AGI -6.95% $5.89

2.  Nevsun

NSU -3.95% $2.43

3.  Gold Standard

GSV -2.83% $1.55

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

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