• Gold: 1,284.09 -7.67
  • Silver: 16.35 -0.08
  • Euro: 1.175 -0.002
  • USDX: 93.859 0.222
  • Oil: 71.53 0.14

January 23: Gold and Silver Gain With Oil

Chris Mullen
|
Tuesday, January 23rd

 

Close

Gain/Loss

Gold

$1341.00

+$6.40

Silver

$17.05

+$0.04

XAU

89.91

+1.81%

HUI

202.74

+2.57%

GDM

673.84

+1.55%

JSE Gold

1265.07

-3.70

USD

90.12

-0.27

Euro

122.98

+0.38

Yen

90.79

+0.69

Oil

$64.47

+$0.90

10-Year

2.646%

-0.014

T-Bond

149.3125

+0.625

Dow

26210.81

-0.01%

Nasdaq

7460.29

+0.71%

S&P

2839.13

+0.22%

 
http://www.goldseek.com/news/2018/2018-01-23_14-01-38.jpg

 

The Metals:

 

Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%.

 

Euro gold rose to about €1091, platinum gained $9 to $1005, and copper dropped 8 cents to about $3.12.

 

Gold and silver equities fell roughly 1.5% at the open, but they then climbed back higher for most of the rest of the day and ended with gains of about 2%.

 

The Economy:

 

Richmond Fed manufacturing index for January 14 vs 19 expected  forexlive

Welcome to the New Reality of Leaping U.S. Treasury Debt Sales  Bloomberg

Asia protests at U.S. solar, washer tariffs, fears more to come  Reuters

U.S. tax overhaul will boost global growth, IMF says  MarketWatch

 

Tomorrow brings the FHFA House Price Index, PMI Composite Flash, and Existing Home Sales.

 

The Markets:

 

Treasury yields retreat after Bank of Japan quashes talk of early ‘exit’ of QE  MarketWatch

 

Oil rose nearly 2% on expectations for another drop in US crude stockpiles in tomorrow’s inventory data.

 

The U.S. dollar index fell as the euro rose on a jump in euro zone consumer confidence data.

 

Treasuries climbed higher on dovish talk from the Bank of Japan.

 

The Dow, Nasdaq, and S&P traded mostly higher on more strong earnings reports.

 

Among the big names making news in the market today were Kleenex, Twitter, SoFi, JPMorgan, Verizon, P&G, J&J, GE, Ford, 3M, Netflix, and Bitcoin.

 

GATA Posts:

 

 

Trace Mayer: Bitcoin can become a reserve asset

China plans to rescue any big bank

LBMA hopes that blockchain can track everybody's gold

As Asia takes over gold trade, World Gold Council considers standard for kilobars

 

The Statistics:

As of close of business: 1/22/2018

Gold Warehouse Stocks:

9,217,447.482

-96,453.012

Silver Warehouse Stocks:

246,540,416.409

-1,476,043.294

 

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

846.665

27,221,134

US$36,288m

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$5,939m

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$6,567m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$480m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 254.05: +0.78 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,772.08: -41.07 change from yesterday’s data.

 

The Miners:

 

Pretivm’s (PVG) 2018 guidance and SEMAFO’s (SMF.TO) 2017 production were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  New Gold

NGD +6.80% $3.30

2.  Eldorado

EGO +5.22% $1.41

3.  Kinross

KGC +5.09% $4.54

 

LOSERS

1.  Pretivm

PVG -26.51% $7.93

2.  Northern Dynasty

NAK -4.29% $1.56

3.  Turquoise

TRQ -3.26% $3.26

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

© Gold Seeker 2018

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