• Gold: 1,300.70 0.59
  • Silver: 16.47 -0.02
  • Euro: 1.169 0.003
  • USDX: 94.188 0.279
  • Oil: 67.69 -3.01

January 12: Gold and Silver Gain with Stocks and Oil on the Week

Chris Mullen
|
Friday, January 12th

Please Note: US Markets are closed on Monday for Martin Luther King Jr. Day.

 

 

Close

Gain/Loss

On Week

Gold

$1338.00

+$16.20

+1.33%

Silver

$17.24

+$0.26

+0.23%

XAU

89.11

+2.37%

+1.97%

HUI

201.34

+2.97%

+1.62%

GDM

670.32

+2.67%

+1.27%

JSE Gold

1331.43

+6.31

+0.66%

USD

90.95

-0.95

-1.11%

Euro

122.06

+1.74

+1.36%

Yen

90.03

UNCH

+1.81%

Oil

$64.30

+$0.50

+4.65%

10-Year

2.548%

+0.012

+2.87%

Bond

150.46875

+0.03125

-0.97%

Dow

25803.19

+0.89%

+2.01%

Nasdaq

7261.06

+0.68%

+1.74%

S&P

2786.24

+0.67%

+1.57%

 
http://www.goldseek.com/news/2018/2018-01-12_14-03-54.jpg

 

The Metals:

 

Gold gained $11.30 to $1333.10 in London before it pared back to $1324.70 at about 9AM EST, but it then climbed to a new session high of $1339.30 in afternoon New York trade and ended with a gain of 1.23%. Silver rose to as high as $17.283 and ended with a gain of 1.53%.

 

Euro gold fell to about €1098, platinum gained $10 to $992, and copper dropped a penny to about $3.21.

 

Gold and silver equities gained throughout the day and ended almost 3% higher.

 

The Economy:

 

US business inventories rise in November  CNBC

U.S. Core Inflation Accelerates  Bloomberg

Gain in U.S. December Retail Sales Caps Robust Holiday Season  Bloomberg

 

Next week’s economic highlights include Empire State Manufacturing on Tuesday, Industrial Production, the Housing Market Index, and the fed’s Beige Book on Wednesday, Initial Jobless Claims, Housing Starts, and the Philadelphia Fed on Thursday, and Consumer Sentiment on Friday.

 

The Markets:

 

Oil continued higher on tightening supplies.

 

The U.S. dollar index fell markedly as the euro rose on political progress in Germany and Great Britain.

 

Treasuries held near unchanged while the Dow, Nasdaq, and S&P soared to new highs on strong earnings reports.

 

Among the big names making news in the market Friday were Delta, Wells Fargo, PNC, BlackRock, JPMorgan, and Facebook.

 

GATA Posts:

 

 

Cryptocurrency creation is now as easy as breathing

Ted Butler: The last great silver buy

Ralph Nader: Corporate coercion and the drive to eliminate buying with cash

Bitcoin profits may be converted to monetary metals purchases, GATA chairman says

China sets record for gobbling up the world's commodities

 

The Statistics:

Activity from: 1/11/2018

Gold Warehouse Stocks:

9,228,969.526

+21,524.30

Silver Warehouse Stocks:

246,555,825.221

+483,179.48

 

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

828.956

26,651,766

US$35,357m

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$5,910m

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$6,533m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$480m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 248.34: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,839.55: No change from yesterday’s data.

 

The Miners:

 

Imperial’s (III.TO) 2017 metals production and First Majestic’s (AG) friendly acquisition of Primero (P.TO) were among the big stories in the gold and silver mining industry making headlines Friday.

 

WINNERS

1.  Alexco

AXU +8.05% $1.61

2.  Pretivm

PVG +7.11% $11.15

3.  Endeavour Silver

EXK +5.20% $2.63

 

LOSERS

1.  First Majestic

AG -2.58% $6.79

2.  Hecla

HL -1.78% $4.41

3.  Nevsun

NSU -1.65% $2.39

Winners & Losers tracks NYSE listed gold and silver mining stocks that trade over $1.

 

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2018

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