• Gold: 1,244.12 -11.72
  • Silver: 16.60 -0.09
  • Euro: 1.121 0.001
  • USDX: 97.185 -0.057
  • Oil: 43.33 0.26

January 3: Gold and Silver Gain Roughly 1% and 2%

Chris Mullen
|
Tuesday, January 3rd
 

Close

Gain/Loss

Gold

$1159.50

+$8.90

Silver

$16.29

+$0.33

XAU

82.01

+3.99%

HUI

189.91

+4.17%

GDM

602.86

+3.07%

JSE Gold

1357.40

-4.93

USD

103.28

+0.91

Euro

104.06

-1.19

Yen

85.00

-0.48

Oil

$52.33

-$1.39

10-Year

2.450%

+0.004

T-Bond

150.59375

-0.0625

Dow

19881.76

+0.60%

Nasdaq

5429.08

+0.85%

S&P

2257.83

+0.85%

 
 
http://goldseek.com/news/GoldSeeker/2017/1-3gsr/1.jpg

The Metals:

 

Gold gained $8.17 to $1158.77 in Asia before it fell back to $1146.24 in London, but it then rallied to a new session high of $1163.18 in New York and ended with a gain of 0.77%. Silver rose to as high as $16.485 and ended with a gain of 2.07%.

 

Euro gold rose above €1114, platinum gained $38 to $937, and copper fell 2 cents to about $2.48.

 

Gold and silver equities rose roughly 3% in the first 20 minutes of trade and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Construction Spending

Nov

0.9%

0.5%

0.6%

ISM Index

Dec

54.7

53.6

53.2

 

Tomorrow brings FOMC Minutes.

 

The Markets:

 

http://goldseek.com/news/GoldSeeker/2017/1-3gsr/1.png

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

 

Oil fell nearly 3% on concerns that OPEC members are not sticking to their pledged production cuts.

 

The U.S. dollar index rose on better than expected economic data that sent treasuries lower.

 

The Dow, Nasdaq, and S&P saw decent gains on economic optimism.

 

Among the big names making news in the market today were Ford, GM, and Tesla.

 

GATA Posts:

 

 

GATA's Ed Steer to speak at Vancouver Resource Investment Conference

Note ban seen shaving a third of India's gold demand in 2017

India discounts widen, China premiums narrow on sluggish demand

U.S. dollar's share of global currency reserves slips in third quarter

 

The Statistics:

As of close of business: 12/30/2016

Gold Warehouse Stocks:

9,158,885.147

-

Silver Warehouse Stocks:

183,006,002.067

-458,575.35

 

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

822.170

26,433,585

US$30,629m

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$5,146m

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$5,686m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$413m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

35.73

1,148,868

US$1,391m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 196.20: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,617.12: No change from yesterday’s data.

 

The Miners:

 

Kirkland’s (KL.TO) management appointments, Nevsun’s (NSU) new directors, Tahoe’s (TAHO) board appointment, and Alexco’s (AXU) updated mineral resource estimate were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. Alexco

AXU +11.85% $1.51

2. McEwen

MUX +11.34% $3.24

3. Gold Resource

GORO +11.03% $4.83

LOSERS

1. Northern Dynasty

NAK -6.28% $1.94

2. Paramount

PZG -1.12% $1.76

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

© Gold Seeker 2017

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