• Gold: 1,459.49 -1.26
  • Silver: 16.54 -0.04
  • Euro: 1.105 -0.001
  • USDX: 97.677 0.288
  • Oil: 59.17 0.83

January 26: Gold and Silver Fall But Miners Gain

Monday, January 26th
 

Close

Gain/Loss

Gold

$1280.40

-$13.30

Silver

$17.89

-$0.41

XAU

79.37

+1.53%

HUI

196.30

+1.14%

GDM

607.15

+1.21%

JSE Gold

1402.03

-52.08

USD

94.83

-0.14

Euro

112.56

+0.28

Yen

84.41

-0.58

Oil

$45.15

-$0.44

10-Year

1.828%

+0.011

Bond

149.5625

-0.28125

Dow

17678.70

+0.03%

Nasdaq

4771.76

+0.29%

S&P

2057.09

+0.26%

 
 

The Metals:

 

Gold dropped $17.49 to $1276.21 by a little after 10AM EST before it bounced back higher into the close, but it still ended with a loss of 1.03%. Silver slipped to as low as $17.878 and ended with a loss of 2.24%.

 

Euro gold fell to about €1137, platinum lost $16 to $1248, and copper climbed 4 cents to about $2.54.

 

Gold and silver equities fell almost 3% in the first fifteen minutes of trade, but they then rallied back higher for most of the rest of the day and ended with over 1% gains.

The Economy:

 

The U.S. Economy Is Strong, But Is It Strong Enough to Power the World? Davos is Worried Bloomberg

 

Tomorrow brings Durable Goods Orders, the Case-Shiller 20-city Index, Consumer Confidence, and New Home Sales.

 

The Markets:

 

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

 

Oil ended about 1% lower on the continued outlook for ample energy supplies.

 

The U.S. dollar fell as the euro bounced back from the last six weeks of losses.

 

Treasuries traded mixed as the Dow, Nasdaq, and S&P waffled near unchanged on relative calm in Europe.

 

Euro steadies despite Greek worries Reuters

Euro recovers as traders digest Syriza win MarketWatch

 

Among the big names making news in the market today were AT&T, Rock-Tenn and MeadWestvaco, Mattel, Post, D.R. Horton, and Axis Capital.

 

GATA Posts:

 

 

Koos Jansen: India's silver exports rose to record in 2014

Bank of England governor warns of liquidity storm as currency system turns upside down

Biggest private fund in Finland says QE destroying price signals

 

The Statistics:

Activity from: 1/23/2015

Gold Warehouse Stocks:

7,968,009.301

+5,718.43

Silver Warehouse Stocks:

176,990,124.694

+251,747.37

 

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

741.646

23,844,645

US$30,539m

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$5,677m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$460m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

38.40

1,234,459

US$1,506m

Note: Change in Total Tonnes from yesterday’s data: SPDR added 1.195 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 167.54: +0.55 change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,931.80: No change from yesterday’s data.

 

The Miners:

 

Timmins Gold’s (TGD) preliminary production results, Seabridge Gold’s (SA) Independent Geotechnical Review Board, Kirkland’s (KGI.TO) Chairman of the board appointment, and Silver Bull’s (SVBL) closed sale were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. McEwen

MUX +7.38% $1.31

2. Paramount

PZG +5.93% $1.25

3. Almaden

AAU +4.35% $1.20

LOSERS

1. Comstock

LODE -8.18% $1.01

2. Alamos

AGI -5.19% $5.76

3. Allied Nevada

ANV -4.35% $1.12

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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© Gold Seeker 2015

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