-- Posted Friday, 25 October 2013 | | Disqus
| Close | Gain/Loss | On Week |
Gold | $1351.50 | +$6.10 | +2.85% |
Silver | $22.52 | -$0.15 | +2.93% |
XAU | 99.71 | +0.68% | +8.18% |
HUI | 246.33 | +0.86% | +8.87% |
GDM | 724.65 | +0.76% | +7.94% |
JSE Gold | 1318.17 | +0.40 | +5.77% |
USD | 79.20 | +0.01 | -0.54% |
Euro | 138.06 | +0.05 | +0.88% |
Yen | 102.66 | -0.13 | +0.42% |
Oil | $97.85 | +$0.74 | -2.94% |
10-Year | 2.503% | -0.019 | -3.32% |
Bond | 135.28125 | +0.21875 | +0.89% |
Dow | 15570.28 | +0.39% | +1.11% |
Nasdaq | 3943.36 | +0.37% | +0.74% |
S&P | 1759.77 | +0.44% | +0.88% |
The Metals:
Gold fell $8.86 to $1336.54 by a little after 7AM EST, but it then climbed to as high as $1355.66 in New York and ended with a gain of 0.45%. Silver slipped to as low as $22.235 before it also rallied back higher, but it still ended with a loss of 0.66%.
Euro gold climbed to almost €978, platinum gained $3 to $1453, and copper remained at about $3.27.
Gold and silver equities traded as much as 2% lower by midday, but they then bounced back higher in early afternoon trade and ended with almost 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Durable Goods | Sep | 3.7% | 3.5% | 0.2% |
Durable Goods -ex trans | Sep | -0.1% | 0.3% | -0.4% |
Michigan Sentiment | Oct | 73.2 | 74.5 | 75.2 |
Wholesale Inventories | Aug | 0.5% | 0.3% | 0.2% |
All of this week’s other economic reports:
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil pared some of this week’s earlier losses on decent durable orders and wholesale inventories data that raised demand expectations.
The U.S. dollar index ended slightly higher in mixed trade while treasuries climbed higher on the belief that the fed will maintain its stimulus measures.
The Dow, Nasdaq, and S&P traded modestly higher on positive earnings reports.
Among the big names making news in the market Friday were Boeing, UPS, Microsoft, P&G, AbbVie, and Citigroup.
GATA Posts:
Central banks drop tightening talk as easy money goes on
World Gold Council responds to Sprott's criticism of demand data
TF Metals Report: More deception at the Comex
The Statistics:
Activity from: 10/24/2013
Gold Warehouse Stocks: | 7,154,225.563 | - |
Silver Warehouse Stocks: | 167,028,640.474 | +148,110.66 |
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 | 876.523 | 28,181,083 | US$37,970m |
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$5,980m |
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$485m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 41.55 | 1,335,829 | US$1,767m |
Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.801 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.88: -0.66 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,442.30: No change from yesterday’s data.
The Miners:
Alamos Gold’s (AGI) $2 million payment to Seabridge (SA) and Scorpio’s (SPM.TO) COO resignation and director appointment were among the big stories in the gold and silver mining industry making headlines Friday.
WINNERS
1. Mag Silver | MVG +4.96% $5.71 |
2. Tanzanian Royalty | TRX +3.73% $2.50 |
3. B2Gold | BTG +2.68% $2.68 |
LOSERS
1. Pretivm | PVG -5.19% $3.65 |
2. Alexco | AXU -4.57% $1.67 |
3. Northern Dynasty | NAK -4.46% $1.50 |
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 Friday, 25 October 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Almost 3% on the Week
