• Gold: 1,215.43 13.43
  • Silver: 17.14 0.35
  • Euro: 1.071 0.011
  • USDX: 100.31 -0.95
  • Oil: 53 0.53

January 10: Gold and Silver Gain Again

Chris Mullen
|
Tuesday, January 10th
 

Close

Gain/Loss

Gold

$1187.20

+$4.70

Silver

$16.79

+$0.22

XAU

86.50

+1.29%

HUI

198.34

+0.4%

GDM

628.44

+0.54%

JSE Gold

1429.17

+25.55

USD

101.98

UNCH

Euro

105.61

-0.20

Yen

86.43

+0.08

Oil

$50.82

-$1.14

10-Year

2.379%

+0.003

T-Bond

152.59375

-0.125

Dow

19855.53

-0.16%

Nasdaq

5551.82

+0.36%

S&P

2268.90

UNCH

 
 
http://goldseek.com/news/GoldSeeker/2017/1-10gsr/1.jpg

The Metals:

 

Gold gained $5.05 to $1187.55 in Asia before it fell to see a slight loss at $1181.07 in London, but it then jumped to as high as $1190.45 in New York and ended with a gain of 0.4%. Silver rose as high as $16.904 and ended with a gain of 1.33%.

 

Euro gold rose to about €1124, platinum lost $1 to $974, and copper climbed 7 cents to about $2.61.

 

Gold and silver equities rose roughly 2% in the first 15 minutes of trade before they fell back to about unchanged by early afternoon, but they then edged back higher into the close and ended with about 1% gains.

The Economy:

 

Report

For

Reading

Expected

Previous

Wholesale Inventories

Nov

1.0%

0.9%

-0.1%

 

Job openings in November at 5.5 million, hires and separations little changed CNBC

U.S. small business confidence soars to 12-year high: group Reuters

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/1-10gsr/1.png

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell over 2% more on worries about an increase in U.S. production.

 

The U.S. dollar index held near unchanged ahead of U.S. President-elect Donald Trump's first news conference tomorrow.

 

Treasuries remained slightly lower after today’s $24 billion 3-year note auction sold at a yield of 1.475% with a bid to cover of 2.97.

 

The Dow, Nasdaq, and S&P traded mixed in anticipation of fourth quarter earnings reports.

 

Among the big names making news in the market today were Deutsche Bank, Alibaba, SoftBank, and Yahoo.

 

GATA Posts:

 

 

FX 'cartel' traders said to face U.S. rigging charges

 

The Statistics:

As of close of business: 1/9/2017

Gold Warehouse Stocks:

9,089,595.973

-14,625.85

Silver Warehouse Stocks:

181,894,669.931

+1,211,650.90

 

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

804.996

25,881,434

US$30,783m

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$5,276m

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$5,829m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$426m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 8.595 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 198.30: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,612.51: No change from yesterday’s data.

 

The Miners:

 

Yamana’s (AUY) suspended operations in Chile, Osisko’s (OSK.TO) exploration earn-in agreement with Barrick (ABX), Richmont’s (RIC) transfer of the listing of its common shares from NYSE MKT to the New York Stock Exchange, Excellon’s (EXN.TO) appointment of Dr. Craig Ford as Vice-President Corporate Responsibility, Endeavour Silver’s (EXK) 2016 production, and Hecla’s (HL) 2016 production were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Turquoise

TRQ +7.55% $3.56

2. Seabridge

SA +7.34% $9.50

3. Freeport

FCX +5.93% $15.55

LOSERS

1. Tahoe Resources

TAHO-4.34% $9.04

2. Paramount

PZG -3.85% $1.75

3. Vista Gold

VGZ -2.91% $1.00

Winners & Losers tracks NYSE and AMEX 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 2017

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