• Gold: 1,328.36 -0.53
  • Silver: 16.99 -0.04
  • Euro: 1.224 0.003
  • USDX: 90.519 -0.262
  • Oil: 63.85 -0.25

January 9: Gold and Silver Fall While Stocks Continue Higher

Chris Mullen
|
Tuesday, January 9th

 

Close

Gain/Loss

Gold

$1314.00

-$6.00

Silver

$17.00

-$0.12

XAU

84.95

-1.55%

HUI

192.30

-1.33%

GDM

647.49

-1.30%

JSE Gold

1286.67

-32.45

USD

92.51

+0.17

Euro

119.39

-0.28

Yen

88.88

+0.41

Oil

$62.96

+$1.23

10-Year

2.548%

+0.069

T-Bond

150.21875

-1.50

Dow

25385.80

+0.41%

Nasdaq

7163.58

+0.09%

S&P

2751.29

+0.13%

 
http://www.goldseek.com/news/2018/2018-01-09_14-04-30.jpg

 

The Metals:

 

Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.45%. Silver slipped to as low as $16.914 and ended with a loss of 0.70%.

 

Euro gold fell to about €1101, platinum lost $4 to $966, and copper fell a couple of cents to about $3.20.

 

Gold and silver equities dropped over 1% at the open and remained near that level for the rest of the day.

 

The Economy:

 

Job Openings in U.S. Declined in November to a Six-Month Low  Bloomberg

Dimon thinks economists are dead wrong about GDP, predicts 4% U.S. growth  MarketWatch

Small-business sentiment dips at end of strongest year on record: NFIB  MarketWatch

 

Tomorrow brings Import and Export Prices and Wholesale Trade.

 

The Markets:

 

Oil rose 2% on expectations for another drop in crude inventories tomorrow.

 

The U.S. dollar index edged higher and treasuries fell as the Dow, Nasdaq, and S&P traded mostly higher on optimism over upcoming earnings reports.

 

Among the big names making news in the market today were Airbus, GoPro, GM, Microsoft, Nvidia, Intel, and Target.

 

The Statistics:

As of close of business: 1/8/2018

Gold Warehouse Stocks:

9,210,113.676

-24,112.50

Silver Warehouse Stocks:

244,472,805.301

-502,712.32

 

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

834.860

26,841,574

US$35,186m

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$5,826m

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$6,439m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$471m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 247.80: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,877.69: No change from yesterday’s data.

 

The Miners:

 

Royal Gold’s (RGLD) second quarter update, Buenaventura’s (BVN) preliminary 4Q17 production and volume sold results and 2018 operating guidance, and First Majestic’s (AG) year-end review of its 2017 exploration program and plans for its 2018 exploration program were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE +2.13% $7.67

2.  Hecla

HL +1.76% $4.04

3.  Paramount

PZG +0.79% $1.28

 

LOSERS

1.  Pretivm

PVG -6.30% $10.41

2.  Alexco

AXU -5.92% $1.43

3.  Alamos

AGI -5.01% $6.26

Winners & Losers tracks NYSE 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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