• 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 30: Gold and Silver End Slightly Lower, Dow Drops Markedly

Chris Mullen
|
Tuesday, January 30th

 

Close

Gain/Loss

Gold

$1336.80

-$5.20

Silver

$17.11

-$0.07

XAU

86.56

-1.03%

HUI

194.03

-0.89%

GDM

656.14

-1.09%

JSE Gold

1239.40

-60.77

USD

89.23

-0.13

Euro

123.97

+0.14

Yen

91.97

+0.06

Oil

$64.50

-$1.06

10-Year

2.724%

+0.033

T-Bond

147.34375

-0.78125

Dow

26076.89

-1.37%

Nasdaq

7402.48

-0.86%

S&P

2822.43

-1.09%

 
http://www.goldseek.com/news/2018/2018-01-30_14-00-48.jpg

 

The Metals:

 

Gold dropped $7.50 to $1334.50 in Asia before it bounced back to $1348.90 by a little after 9AM EST, but it then fell back off into the close and ended with a loss of 0.39%. Silver slipped to as low as $17.073 and ended with a loss of 0.41%.

 

Euro gold fell to about €1078, platinum lost $14.50 to $991.50, and copper remained at about $3.20.

 

Gold and silver equities fell roughly 1% by late morning and remained near that level for the rest of the day.

 

The Economy:

 

Treasury Refunding Announcement Is a Rare Nail-Biter for Traders  Bloomberg

Consumers very confident in economy, but uncertain how tax plan will affect them  MarketWatch

Home Prices in 20 U.S. Cities Climb by the Most Since July 2014  Bloomberg

 

Tomorrow brings ADP Employment, the Employment Cost Index, Chicago PMI, Pending Home Sales, and a FOMC Meeting Announcement.

 

The Markets:

 

Oil fell almost 2% more on concerns about rising supplies.

 

The U.S. dollar index waffled near unchanged along with the euro and yen on mixed economic data.

 

Treasuries fell along with the Dow, Nasdaq, and S&P on disruption in the healthcare industry.

 

Among the big names making news in the market today were Apple, Pfizer, Blackstone and Thomson Reuters, UnitedHealth, HCA Healthcare, Wal-Mart, and Amazon, Berkshire Hathaway and JPMorgan.

 

GATA Posts:

 

 

To catch up with other assets, metals will explode, Murphy says in Kitco interview

U.S. authorities charge three banks, eight individuals in futures 'spoofing' probe

TF Metals Report: How will the deniers of gold market rigging explain this?

 

The Statistics:

As of close of business: 1/29/2018

Gold Warehouse Stocks:

9,243,336.874

-47,842.227

Silver Warehouse Stocks:

247,355,389.055

-652,548.45

 

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

846.665

27,221,139

US$36,598m

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$5,949m

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$6,576m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$481m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.476 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 259.14: +1.19 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,763.28: No change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Seabridge

SA +3.14% $11.50

2.  Great Panther

GPL +1.60% $1.27

3.  Paramount

PZG +1.53% $1.33

 

LOSERS

1.  Pretivm

PVG -6.69% $6.97

2.  McEwen

MUX -4.05% $2.13

3.  First Majestic

AG -3.96% $6.06

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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© Gold Seeker 2018

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