• Gold: 1,339.53 -1.09
  • Silver: 15.97 -0.02
  • Euro: 1.134 0.000
  • USDX: 96.52 -0.356
  • Oil: 56.42 -0.02

January 15: Gold and Silver End Slightly Lower in Mixed Trade

Chris Mullen
|
Tuesday, January 15th

 

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%

 
http://www.goldseek.com/news/2019/2019-01-15_14-17-23.jpg

 

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 €1126 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.

 

The Economy:

 

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® Gold Shares

797.706

25,647,044

US$33,192m

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$5,722m

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$6,324m

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.

 

The Miners:

 

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

© Gold Seeker 2019

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