January 10: Gold and Silver Gain Again
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.
There are no major economic reports due out tomorrow.
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.
As of close of business: 1/9/2017
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
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.
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.
TRQ +7.55% $3.56
SA +7.34% $9.50
FCX +5.93% $15.55
1. Tahoe Resources
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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