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Gold Seeker Closing Report: Gold and Silver Gain While Stocks Fall
By: Chris Mullen, Gold-Seeker.com

 -- Published: Tuesday, 13 October 2015 | Print  | Disqus 

 

Close

Gain/Loss

Gold

$1168.10

+$5.70

Silver

$15.90

+$0.05

XAU

54.05

+0.20%

HUI

129.08

+0.39%

GDM

435.66

-0.39%

JSE Gold

1118.58

-0.50

USD

94.74

-0.10

Euro

113.86

+0.25

Yen

83.50

+0.18

Oil

$46.66

-$0.44

10-Year

2.055%

-0.035

T-Bond

158.03125

+0.21875

Dow

17081.89

-0.29%

Nasdaq

4796.60

-0.87%

S&P

2003.69

-0.68%

 
 

 

The Metals:

 

Gold fell $10.21 to $1152.19 in London, but it then climbed higher throughout most of trade in New York and ended with a gain of 0.49%.  Silver rose to as high as $15.991 and ended with a gain of 0.32%.

 

Euro gold rose to about €1026, platinum lost $7 to $986, and coper fell a few cents to about $2.39.

 

Gold and silver equities rose about 2% by early afternoon in New York before they fell back off in the last couple of hours of trade, but they still ended near unchanged on the day.

 

The Economy:

 

Fed's Bullard says length of expansion does not mean recession is near  Reuters

 

Tomorrow brings PPI, Retail Sales, Business Inventories, and the fed’s Beige Book.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil fell almost 1% after the “IEA said the world oil market would remain oversupplied for at least another year despite falls in output from non-OPEC producers.”

 

The U.S. dollar index traded mostly slightly lower and treasuries climbed higher again on waning expectations for an interest rate hike from the fed anytime soon.

 

The Dow, Nasdaq, and S&P traded mostly lower on falling Chinese exports and mixed earnings reports.

 

Among the big names making news in the market today were Wells Fargo, Volkswagen, J&J, Citigroup, Deutsche Bank, UBS, AB InBev, and Twitter.

 

GATA Posts:

 

 

CME permanently bans 3 traders for spoofing, other violations

 

The Statistics:

As of close of business: 10/12/2015

Gold Warehouse Stocks:

6,671,919.559

-4,033.874

Silver Warehouse Stocks:

162,570,117.619

-99,917.442

 

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

687.196

22,094,038

US$25,740m

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$5,179m

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$5,721m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$418m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

27.80

893,937

US$999m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 160.62: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,802.33: No change from yesterday’s data.

 

The Miners:

 

Centerra’s (CG.TO) CEO appointment, Banro’s (BAA) third quarter production results, and Avino’s (ASM) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Richmont

RIC +5.84% $3.08

2.  Fortuna

FSM +5.08% $2.69

3.  First Majestic

AG +4.85% $3.89

 

LOSERS

1.  Gold Resource

GORO-3.12% $2.79

2.  Nevsun

NSU -2.79% $3.14

3.  AngloGold

AU -2.74% $9.22

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 2015

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 -- Published: Tuesday, 13 October 2015 | E-Mail  | Print  | Source: GoldSeek.com

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