 Gold Seeker Closing Report: Gold and Silver Gain About 1%By: Chris Mullen, Gold-Seeker.com |
-- Posted Wednesday, 31 October 2012 | | Source: GoldSeek.com
Close
|
Gain/Loss
| |
Gold
|
$1721.20
|
+$11.70
|
Silver
|
$32.25
|
+$0.48
|
XAU
|
188.24
|
+3.03%
|
HUI
|
506.33
|
+3.05%
|
GDM
|
1458.10
|
+3.24%
|
JSE Gold
|
2388.92
|
+80.09
|
USD
|
79.93
|
-0.01
|
Euro
|
129.58
|
+0.20
|
Yen
|
125.32
|
-0.24
|
Oil
|
$86.24
|
+$0.56
|
10-Year
|
1.686%
|
-0.064
|
T-Bond
|
149.3125
|
+0.6875
|
Dow
|
13096.54
|
-0.08%
|
Nasdaq
|
2977.23
|
-0.36%
|
S&P
|
1412.16
|
+0.02%
|
The Metals:
Gold
climbed to as high as $1725.63 by late morning in New York before it
fell back off a bit in afternoon trade, but it still ended with a gain
of 0.68%. Silver surged to as high as $32.411 before it also fell back off, but it still ended with a gain of 1.51%.
Euro gold rose to about €1327, platinum gained $20.80 to $1569, and copper climbed a couple of cents to about $3.53.
Gold and silver equities rose about 3% by midday and remained near that level for the rest of the day.
The Economy:
Report
|
For
|
Reading
|
Expected
|
Previous
|
Employment Cost Index
|
Q3
|
0.4%
|
0.5%
|
0.5%
|
Chicago PMI
|
Oct
|
49.9
|
50.9
|
49.7
|
Tomorrow
at 8:15AM EST brings the delayed ADP Employment report for October
expected at 143,000. At 8:30 are Initial Jobless Claims for 10/27
expected at 375,000, third quarter Productivity expected at 1.6%, and
Unit Labor Costs expected at 1.4%. At
10AM is the ISM Index for October expected at 51.0, Construction
Spending for September expected at 0.8%, and Consumer Confidence for
October expected at 72.0.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose on increased demand expectations as reconstruction efforts began to repair the extensive damage done by Hurricane Sandy.
The U.S. dollar index ended slightly lower in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P struggled to hold gains on uncertainty about the full impact of Hurricane Sandy.
Among the big names making news in the market today were Barclays, GM, Apple, MasterCard, Disney, Citigroup, and Hyatt.
GATA Posts:
The Statistics:
As of close of business: 10/30/2012
Gold Warehouse Stocks:
|
11,243,299.568
|
-
|
Silver Warehouse Stocks:
|
142,362,051.246
|
-
|
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)
|
SPDR® Gold Shares
|
1336.301
|
42,963,411
|
US$73,703m
|
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
|
Gold Bullion Securities
|
140.47
|
4,516,193
|
US$7,765m
|
London
Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND
Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext
Amsterdam
|
ETFS Physical Gold
|
155.94
|
5,013,574
|
US$8,175m
|
Australian Stock Exchange (ASX)
|
Gold Bullion Securities
|
11.16
|
358,789
|
US$617m
|
Johannesburg Securities Exchange (JSE)
|
New Gold Debentures
|
42.45
|
1,364,715
|
US$2,214m
|
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.59: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,923.19: No change from yesterday’s data.
Barrick Gold’s (ABX) dividend, Randgold’s (GOLD) emergency health aid, Gold Resource’s (GOR) dividend, Keegan’s (KGN) new recruitments, and Excellon’s (EXN.TO) drill campaign were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Timmins
|
TGD+10.11% $3.05
|
2. McEwen
|
MUX +8.48% $4.86
|
3. Yamana
|
AUY+8.19% $20.21
|
LOSERS
1. Golden Star
|
GSS -4.31% $2.00
|
2. Jaguar
|
JAG -3.70% $1.04
|
3. Northern Dynasty
|
NAK -3.28% $3.54
|
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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