October 22: Gold and Silver End With Modest Gains
|
Monday, October 22nd
Close | Gain/Loss | |
Gold | $1728.50 | +$6.40 |
Silver | $32.40 | +$0.32 |
XAU | 188.07 | +1.22% |
HUI | 502.50 | +1.37% |
GDM | 1445.80 | +1.45% |
JSE Gold | 2338.49 | +29.01 |
USD | 79.59 | -0.05 |
Euro | 130.58 | +0.36 |
Yen | 125.12 | -0.98 |
Oil | $88.73 | -$1.32 |
10-Year | 1.798% | +0.030 |
T-Bond | 147.125 | -0.4375 |
Dow | 13345.89 | +0.02% |
Nasdaq | 3016.96 | +0.38% |
S&P | 1433.81 | +0.04% |
The Metals:
Gold saw a slight loss at $1721.30 by a little after 4AM EST, but it then climbed to as high as $1729.18 in New York and ended with a gain of 0.37%. Silver rose to as high as $32.434 and ended with a gain of 1%.
Euro gold rose to about €1324, platinum lost $10.50 to $1606.50, and copper fell a couple of cents to about $3.62.
Gold and silver equities traded mostly slightly higher and ended with a little over 1% gains.
The Economy:
There were no major economic reports today and there are none due out tomorrow.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
“Oil fell to the lowest level in two weeks as TransCanada Corp. (TRP) planned to restart the Keystone pipeline and Japan’s exports declined the most since the aftermath of last year’s earthquake.”
The U.S. dollar index traded mixed as the euro rose on an election in Spain while the yen fell on a drop in exports in Japan.
Treasuries fell ahead of this week’s $99 billion worth of note auctions.
The Dow, Nasdaq, and S&P traded lower for most of trade on poor earnings reports, but all three indices then edged back higher in late trade and ended with modest gains.
Among the big names making news in the market today were Hasbro, FedEx, Rosneft, Caterpillar, and GrainCorp.
GATA Posts:
Germany getting suspicious about gold to the point of taking action
MineWeb's Lawrence Williams: What is China really doing in the gold markets?
Ambrose Evans-Pritchard: IMF's epic plan to conjure away debt and dethrone bankers
Alasdair Macleod: Gold bullion flowing from West to East
Mike Kosares: Golden solution or golden folly?
The Statistics:
As of close of business: 10/19/2012
Gold Warehouse Stocks: | 11,243,492.463 | +160.75 |
Silver Warehouse Stocks: | 141,856,291.116 | -684,422.99 |
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 | 1334.191 | 42,895,570 | US$74,493m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) | Gold Bullion Securities | 143.12 | 4,601,336 | US$7,942m |
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam | ETFS Physical Gold | 155.55 | 5,001,052 | US$8,155m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 11.16 | 358,789 | US$619m |
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 added 0.302 tonnes.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 207.13: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,888.55: No change from yesterday’s data.
Freeport’s (FCX) third quarter results, AuRico’s (AUQ) exploration update, Vista Gold’s (VGZ) development strategy, Paramount’s (PZG) test results, and AngloGold’s (AU) worker ultimatum were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Pretivm | PVG+4.60%$13.43 |
2. Almaden | AAU +4.33% $2.65 |
3. Coeur | CDE+4.24%$30.47 |
LOSERS
1. Mines MGMT | MGN -1.50% $1.31 |
2. Freeport | FCX-1.46% $40.58 |
3. Gold Reserve | GRZ 1.27% $3.12 |
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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