• Gold: 1,200.31 -1.15
  • Silver: 13.97 -0.04
  • Euro: 1.127 0.003
  • USDX: 97.323 -0.219
  • Oil: 55.26 -3.56

January 19: Gold and Silver Fall Roughly 1% on the Week

Chris Mullen
|
Friday, January 19th

 

Close

Gain/Loss

On Week

Gold

$1332.20

+$5.90

-0.43%

Silver

$17.02

+$0.08

-1.28%

XAU

87.97

+0.46%

-1.28%

HUI

196.93

+0.20%

-2.19%

GDM

662.24

-0.01%

-1.21%

JSE Gold

1297.69

-11.87

-2.53%

USD

90.67

+0.15

-0.31%

Euro

122.19

-0.22

+0.11%

Yen

90.42

+0.26

+0.43%

Oil

$63.37

-$0.58

-1.45%

10-Year

2.661%

+0.041

+4.43%

Bond

148.59375

-0.84375

-1.25%

Dow

26071.72

+0.21%

+1.04%

Nasdaq

7336.38

+0.55%

+1.04%

S&P

2810.30

+0.44%

+0.86%

 
http://www.goldseek.com/news/2018/2018-01-19_14-02-39.jpg

 

The Metals:

 

Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.

 

Euro gold rose to about €1090, platinum gained $11 to $1011, and copper fell a penny to about $3.19.

 

Gold and silver equities rose roughly 1% at the open before they fell back off for most of the rest of the day, but they still ended with modest gains.

 

The Economy:

 

No deal reached as Schumer, Trump meet to avert government shutdown  Reuters

A government shutdown ‘could reintroduce investors to the fact that markets go down’  MarketWatch

U.S. Consumer Sentiment Unexpectedly Falls to a Six-Month Low  Bloomberg

 

Next week’s economic highlights include the Chicago Fed National Activity Index on Monday, the Richmond Fed Manufacturing Index on Tuesday, the FHFA House Price Index, PMI Composite Flash, and Existing Home Sales on Wednesday, International Trade in Goods, Initial Jobless Claims, and New Home Sales on Thursday, and GDP and Durable Goods Orders on Friday.

 

The Markets:

 

Oil fell almost 1% on “concerns over growing U.S. production.”

 

The U.S. dollar index edged higher and treasuries fell as the Dow, Nasdaq, and S&P closed higher in mixed trade on hopes that Washington will find a way to avert a government shutdown.

 

Among the big names making news in the market Friday were bitcoin, Square, IBM, JPMorgan, and Amazon.

 

GATA Posts:

 

 

You're invited to GATA's reception following the Vancouver conference Monday

HSBC agrees to pay $100 million to settle U.S. probe into currency rigging

New York Fed official celebrates a century of market rigging

 

The Statistics:

Activity from: 1/18/2018

Gold Warehouse Stocks:

9,321,134.244

-155,955.672

Silver Warehouse Stocks:

246,809,831.112

+497,849.13

 

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

840.762

27,031,346

US$36,078m

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$5,923m

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$6,547m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$478m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 11.806 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 251.42: +0.69 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,813.15: -26.4 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Gold Standard

GSV +13.58% $1.84

2.  Avino

ASM +3.52% $1.47

3.  Turquoise

TRQ +3.37% $3.37

 

LOSERS

1.  Silvercorp

SVM -3.89% $2.72

2.  Tahoe Resource

TAHO -3.88% $4.46

3.  Paramount

PZG -2.26% $1.30

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

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

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