• Gold: 1,424.97 -0.55
  • Silver: 16.18 -0.02
  • Euro: 1.122 -0.000
  • USDX: 97.151 0.358
  • Oil: 55.62 -0.21

January 23: Gold and Silver Close Mixed with Stocks

Chris Mullen
|
Wednesday, January 23rd

 

Close

Gain/Loss

Gold

$1283.00

-$1.60

Silver

$15.36

+$0.03

XAU

68.86

+0.18%

HUI

151.86

-0.22%

GDM

573.37

+0.13%

JSE Gold

1350.79

+8.99

USD

96.12

-0.24

Euro

113.83

+0.20

Yen

91.47

-0.18

Oil

$52.62

-$0.39

10-Year

2.746%

+0.007

T-Bond

145.00

-0.40625

Dow

24575.62

+0.70%

Nasdaq

7025.77

+0.08%

S&P

2638.70

+0.22%

 
http://www.goldseek.com/news/2019/2019-01-23_14-02-01.jpg

 

The Metals:

 

Gold edged up to $1286.50 in Asia before it dropped back to $1278.70 in early New York trade and then bounced back to gains by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.12%. Silver chopped between $15.432 and $15.269 and ended with a gain of 0.2%.

 

Euro gold fell to €1127, platinum gained $6 to $793, and copper remained at about $2.66.

 

Gold and silver equities erased early session losses and closed mixed.

 

The Economy:

 

White House chief economist: We could see 'zero' growth in first quarter because of shutdown  CNBC

White House adviser Hassett confident U.S., China can reach trade deal by March  Reuters

U.S. mortgage applications slip from 11-month peak: MBA  Reuters

Contrarian who called the 2008 housing crash expects a global recession this year  MarketWatch

Senate sets votes but U.S. shutdown likely to go on  Reuters

 

Tomorrow brings Weekly jobless claims, Markit manufacturing PMI, Markit services, and Leading economic indicators.

 

The Markets:

 

Oil turned lower “following a report that the European Union may soon launch a mechanism that would allow companies to bypass U.S. sanctions and trade with Iran.”

 

The U.S. dollar index fell along with treasuries as the pound and euro rose after reports of plans to delay Brexit.

 

The Dow, Nasdaq, and S&P chopped near unchanged on mixed earnings reports.

 

Among the big names making news in the market today were Comcast, Northern Trust, Dyson, United Tech, Subaru, and Deutsche.

 

GATA Posts:

 

 

Gold mergers signify lack of discoveries, junior acquisitions likely, Hathaway says

Replace U.S. dollar with Russian gold, Moscow exchange chief suggests

 

The Statistics:

As of close of business: 1/22/2019

Gold Warehouse Stocks:

8,421,042.047

+15,067.06

Silver Warehouse Stocks:

295,218,493.230

-883,218

 

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

809.759

26,034,556

US$33,311m

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$5,705m

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$6,305m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 289.08: +0.59 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,585.78: +33.56 change from yesterday’s data.

 

The Miners:

 

Paramount’s (PZG) permitting progress and Antofagasta’s (ANTO.LN) 2018 production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  EMX Royalty

EMX +2.68% $1.15

2.  Gold Standard

GSV +2.59% $1.19

3.  Seabridge

SA +2.05% $12.96

 

LOSERS

1.  Turquoise

TRQ -4.29% $1.56

2.  Coeur

CDE -2.05% $4.29

3.  Alamos

AGI -2.02% $3.88

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:

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