-- Posted Tuesday, 16 October 2012 | | Disqus
| Close | Gain/Loss |
Gold | $1747.65 | +$11.25 |
Silver | $32.95 | +$0.26 |
XAU | 188.88 | +2.01% |
HUI | 504.24 | +1.80% |
GDM | 1450.24 | +1.88% |
JSE Gold | 2455.91 | +39.94 |
USD | 79.37 | -0.32 |
Euro | 130.55 | +1.09 |
Yen | 126.78 | -0.29 |
Oil | $92.09 | +$0.24 |
10-Year | 1.720% | +0.057 |
T-Bond | 148.1875 | -1.25 |
Dow | 13551.78 | +0.95% |
Nasdaq | 3101.17 | +1.21% |
S&P | 1454.92 | +1.03% |
The Metals:
Gold climbed up to $1747.20 by a little after 10AM EST before it pared its gains a bit midday, but it then rallied back higher again in the last hour of trade and ended just off its last minute high of $1747.69 with a gain of 0.65%. Silver surged to as high as $33.04 before it also fell back off at times, but it still ended with a gain of 0.8%.
Euro gold fell to about €1339, platinum remained at $1634, and copper remained at about $3.71.
Gold and silver equities ended just off their session highs with about 2% gains.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Sep | 0.6% | 0.5% | 0.6% |
Core CPI | Sep | 0.1% | 0.2% | 0.1% |
Net Long-Term TIC Flows | Aug | $90.0B | - | $67.2B |
Industrial Production | Sep | 0.4% | 0.3% | -1.4% |
Capacity Utilization | Sep | 78.3% | 78.3% | 78.0% |
NAHB Housing Market Index | Oct | 41 | 42 | 40 |
Tomorrow at 8:30AM EST brings Housing Starts for September expected at 768,000 and Building Permits expected at 815,000.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil found slight gains as the U.S. dollar index and treasuries fell on better than expected earnings and economic reports that sent the Dow, Nasdaq, and S&P higher.
Among the big names making news in the market today were Coca-Cola, UnitedHealth, LyondellBasell, Citigroup, J&J, and Goldman Sachs.
GATA Posts:
John Dizard: The mania ending now is for sovereign debt
Eveillard pins gold's weakness on short-term futures traders with leverage
World gold holdings are overestimated by 10%, GoldMoney study concludes
The Statistics:
As of close of business: 10/15/2012
Gold Warehouse Stocks: | 11,209,030.803 | -225.05 |
Silver Warehouse Stocks: | 142,163,455.510 | +561,944.44 |
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 | 1333.889 | 42,885,878 | US$74,437m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 142.96 | 4,596,444 | US$8,023m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 154.29 | 4,960,715 | US$8,089m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$626m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 42.45 | 1,364,715 | US$2,214m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 6.632 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 205.07: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,885.54: -9.04 change from yesterday’s data.
The Miners:
Seabridge's (SA) assay results, SilverCrest’s (SVL.V) third quarter production, and Excellon’s (EXN.TO) resumed production were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Comstock | LODE+8.27% $2.75 |
2. ITH | THM +7.36% $2.77 |
3. AuRico | AUQ +5.61% $7.91 |
LOSERS
1. Solitario | XPL -7.78% $1.66 |
2. Turquoise Hill | TRQ -2.54% $8.05 |
3. Golden Minerals | AUMN-1.57% $4.39 |
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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-- Posted Tuesday, 16 October 2012 | Digg This Article | Source: GoldSeek.com