• Gold: 1,322.76 -0.08
  • Silver: 16.57 0.01
  • Euro: 1.217 0.000
  • USDX: 91.172 0.332
  • Oil: 68.36 0.3

December 29: Gold and Silver Gain Roughly 2% and 4% on the Week

Chris Mullen
|
Friday, December 29th

Please Note: US markets are closed on Monday for New Year's Day.

 

 

Close

Gain/Loss

On Week

Gold

$1303.20

+$8.70

+2.27%

Silver

$16.94

+$0.11

+3.86%

XAU

85.27

-0.21%

+1.50%

HUI

192.31

+0.00%

+1.80%

GDM

650.61

+0.12%

+1.67%

JSE Gold

1303.59

+12.89

+4.94%

USD

92.30

-0.36

-1.09%

Euro

120.03

+0.60

+1.18%

Yen

88.81

+0.20

-0.05%

Oil

$60.42

+$0.58

+3.34%

10-Year

2.411%

-0.023

-3.06%

Bond

152.90625

+0.1875

+1.18%

Dow

24719.22

-0.48%

-0.14%

Nasdaq

6903.39

-0.67%

-0.81%

S&P

2673.61

-0.52%

-0.36%

 
http://www.goldseek.com/news/2017/2017-12-29_14-03-15.jpg

 

The Metals:

 

Gold gained $13 to $1307.50 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.67%. Silver rose to as high as $17.097 and ended with a gain of 0.65%.

 

Euro gold rose to about €1086, platinum gained $2 to $927, and copper closed at about $3.28.

 

Gold and silver equities waffled near unchanged and ended mixed.

 

The Economy:

 

Commodities End 2017 With a Bang in Longest Rally on Record  Bloomberg

U.S. Upper Midwest factory sector grows fastest in three years  Reuters

Trouble ahead? What 4 recession indicators say about the economy  MarketWatch

 

Next week’s economic highlights include S&P Corelogic Case-Shiller HPI on Tuesday, Consumer Confidence and Pending Home Sales on Wednesday, and Initial Jobless Claims, International Trade in Goods, and Chicago PMI on Thursday.

 

The Markets:

 

Oil gained 1% after Baker Hughes reported a drop of two gas rig counts down to 182 in the US while oil rigs held steady at 747.

 

The U.S. dollar index fell and treasuries rose as the Dow, Nasdaq, and S&P drifted lower in quiet yearend trade.

 

Among the big names making news in the market Friday were SoftBank, Uber, Airbus, Boeing, Apple, Goldman, Alibaba, Amazon, and Facebook.

 

GATA Posts:

 

 

The monetary metals mining industry won't help, so we need yours by Sunday

Michael Ballanger: CME's 'fiat police' arrive right on schedule

On GoldSeek Radio, GATA chairman says monetary metals are most undervalued

Citigroup fined for telling clients to buy when it meant sell

Bitcoin tumbles over exchange-closure fears

 

The Statistics:

Activity from: 12/28/2017

Gold Warehouse Stocks:

9,142,795.216

-

Silver Warehouse Stocks:

243,359,259.355

+1,941,221.16

 

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

837.496

26,926,340

US$34,899m

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$5,770m

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$6,364m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$468m

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 243.49.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,060.72.

 

The Miners:

 

MAG Silver’s (MAG) preliminary short form base shelf prospectus and Alexco’s (AXU) amendment to its Water Use License were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Alexco

AXU +3.25% $1.59

2.  B2Gold

BTG +2.99% $3.10

3.  McEwen

MUX +2.70% $2.28

 

LOSERS

1.  Avino

ASM -5.63% $1.34

2.  Americas Silver

USAS -4.49% $3.62

3.  Great Panther

GPL -3.01% $1.29

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2017

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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