-- Posted Monday, 15 October 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1736.40 | -$18.00 |
Silver | $32.69 | -$0.79 |
XAU | 185.15 | +0.14% |
HUI | 495.34 | -0.04% |
GDM | 1423.46 | +0.01% |
JSE Gold | 2415.97 | -9.39 |
USD | 79.69 | +0.02 |
Euro | 129.55 | +0.02 |
Yen | 127.77 | -0.40 |
Oil | $91.85 | -$0.01 |
10-Year | 1.663% | UNCH |
T-Bond | 149.4375 | -0.125 |
Dow | 13424.23 | +0.72% |
Nasdaq | 3064.18 | +0.66% |
S&P | 1440.13 | +0.81% |
The Metals:
Gold fell to as low as $1732.07 by about 10:30AM EST before it bounced back higher midday, but it still ended with a loss of 1.03%. Silver slipped to as low as $32.62 and ended with a loss of 2.36%.
Euro gold fell to about €1340, platinum lost $15 to $1634, and copper remained at about $3.71.
Gold and silver equities fell about 1% by midmorning, but they then rallied back higher in afternoon trade and ended near unchanged.
The Economy:
Report | For | Reading | Expected | Previous |
Retail Sales | Sep | 1.1% | 0.7% | 1.2% |
Retail Sales ex-auto | Sep | 1.1% | 0.6% | 1.0% |
Empire Manufacturing | Oct | -6.2 | -2.8 | -10.4 |
Business Inventories | Aug | 0.6% | 0.5% | 0.8% |
Tomorrow brings CPI, Net Long Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil ended barely lower as the U.S. dollar index edged higher on better than expected economic data that sent the Dow, Nasdaq, and S&P higher.
“Treasuries traded in the tightest range in two weeks as the Federal Reserve bought $5 billion of Treasuries maturing from October 2018 and August 2020 in an effort to reduce borrowing costs and counter recession risks.
U.S. debt had declined for the first time in five days as a report showed retail sales exceeded forecasts, adding to signs the economy is recovering and damping demand for the safety of government debt. Benchmark 10-year note yields fell earlier after Bank of Israel Governor Stanley Fischer said the world is “awfully close” to a recession, as he backed the Fed’s increase in bond purchases.”
Among the big names making news in the market today were Microsoft, Charles Schwab, Advent, Bristol-Myers, Softbank, and Citigroup.
GATA Posts:
New York Post: Ben's gold touch -- 148% rise on QE
GATA secretary's Phoenix radio interview posted on Internet
'Giffen good' or not, gold may be good enough
The Statistics:
As of close of business: 10/12/2012
Gold Warehouse Stocks: | 11,209,255.853 | -3,825.85 |
Silver Warehouse Stocks: | 141,601,511.070 | -351,077.76 |
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 | 1340.521 | 43,099,107 | US$74,807m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 142.75 | 4,589,590 | US$7,962m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.11 | 4,954,723 | US$8,079m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$622m |
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: 205.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,894.58: No change from yesterday’s data.
The Miners:
Golden Star’s (GSS) drill results, Gold Fields’ (GFI) unlawful strike, Keegan’s (KGN) private placement, AuRico’s (AUQ) third quarter production, Turquoise Hill’s (TRQ) rejected request, Exeter’s (XRA) update on studies, Buenaventura’s (BVN) suspended strike, Endeavour Silver’s (EXK) third quarter production, Revett’s (RVM) third quarter operating results, and Alexco’s (AXU) third quarter production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Jaguar | JAG +4.59% $1.14 |
2. AuRico | AUQ+4.32% $7.49 |
3. Vista Gold | VGZ+2.37% $3.45 |
LOSERS
1. Northern Dynasty | NAK -6.82% $3.69 |
2. Comstock | LODE -6.62% $2.54 |
3. Turquoise | TRQ -5.28% $8.26 |
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 2012
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-- Posted Monday, 15 October 2012 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold and Silver Fall Over 1% and 2%
