-- Posted Monday, 28 October 2013 | | Disqus
| Close | Gain/Loss |
Gold | $1353.00 | +$1.50 |
Silver | $22.47 | -$0.05 |
XAU | 100.23 | +0.52% |
HUI | 249.21 | +1.17% |
GDM | 730.88 | +0.85% |
JSE Gold | 1364.18 | +46.01 |
USD | 79.34 | +0.14 |
Euro | 137.88 | -0.15 |
Yen | 102.35 | -0.34 |
Oil | $98.68 | +$0.83 |
10-Year | 2.512% | +0.009 |
T-Bond | 135.21875 | -0.125 |
Dow | 15568.93 | -0.01% |
Nasdaq | 3940.13 | -0.08% |
S&P | 1762.11 | +0.13% |
The Metals:
Gold fell $5.30 to $1346.20 in late Asian trade before it climbed to as high as $1361.68 at about 11AM EST and then fell back to $1351.50 in the next few hours of trade, but it still ended with a gain of 0.11%. Silver slipped to $22.34 in early Asian trade before it rose to as high as $22.69 at about 5AM, but it then fell back off into the close and ended with a loss of 0.22%.
Euro gold climbed above €982, platinum gained $13.25 to $1466.25, and copper remained at about $3.27.
Gold and silver equities rose about 2% by late morning before they fell back off midday, but they still ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
Industrial Production | Sep | 0.6% | 0.3% | 0.4% |
Capacity Utilization | Sep | 78.3% | 78.0% | 77.9% |
Pending Home Sales | Sep | -5.6% | -1.3% | -1.6% |
Tomorrow brings Retail Sales, PPI, the Case-Shiller 20-city Index, Business Inventories, and Consumer Confidence.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil climbed higher on news of falling production in Libya.
The U.S. dollar index saw slight gains as the yen fell after the Bank of Japan indicated it will continue its bond buying program.
Treasuries remained modestly lower after today’s $32 billion 2-year note auction sold at a yield of 0.323% with a bid to cover of 3.32.
The Dow, Nasdaq, and S&P waffled near unchanged in quiet trade.
Among the big names making news in the market today were AMC Networks, Merck, and Toyota.
GATA Posts:
With more exports, Indian gold traders drive up domestic prices
Should Oman drop the rial's peg to the dollar?
Voice of Russia: The beginning of the end for the 'petrodollar'?
Sunday NYTimes front-pages an appeal for lots more inflation
The Statistics:
As of close of business: 10/25/2013
Gold Warehouse Stocks: | 7,153,726.443 | -499.12 |
Silver Warehouse Stocks: | 166,907,457.291 | -121,183.183 |
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 | 872.020 | 28,036,311 | US$38,145m |
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$6,017m |
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$486m |
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 4.503 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 171.88: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 10,442.30: No change from yesterday’s data.
The Miners:
Almaden’s (AAU) drill results, Timberline’s (TLR) property agreement, Randgold’s (GOLD) views on the Cote d'Ivoire, B2Gold’s (BTG) agreement to acquire Volta Resources, and Mag Silver’s (MVG) underground development work were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Gold Resource | GORO +3.37% $5.52 |
2. Eldorado | EGO +3.17% $7.17 |
3. Buenaventura | BVN +2.15% $14.72 |
LOSERS
1. McEwen | MUX -4.86% $2.35 |
2. Paramount | PZG -4.38% $1.31 |
3. Northern Dynasty | NAK -4.00% $1.44 |
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 2013
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-- Posted Monday, 28 October 2013 | Digg This Article
| Source: GoldSeek.com
Gold Seeker Closing Report: Gold Gains and Silver Slips
