October 24: Gold and Silver End Mixed
Gold traded mostly slightly lower in Asia and London, but it then fell back off in New York and ended near its early afternoon low of $1698.60 with a loss of 0.35%. Silver slipped to as low as $31.52 in late morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.19%.
Euro gold fell to about €1312, platinum lost $14.80 to $1552.40, and copper remained at about $3.58.
Gold and silver equities saw slight gains at the open, but they then fell back off for most of the rest of trade and ended with over 1.5% losses.
New Home Sales
FHFA Housing Price Index
“The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.
In a statement after a two-day meeting, the central bank repeated its vow to keep rates near zero until mid-2015 and its pledge to keep supporting growth while the recovery strengthens.”
Tomorrow brings Initial Jobless Claims, Durable Goods Orders, and Pending Home Sales.
Charts Courtesy of http://finance.yahoo.com/
Oil fell after the Energy Information Administration reported that crude inventories rose 5.9 million barrels, gasoline inventories rose 1.4 million barrels, and distillates fell 600,000 barrels.
Treasuries remained lower after today’s $35 billion 5-year note auction sold at a high yield of 0.774% with a bid to cover of 2.73.
The Dow, Nasdaq, and S&P fell on worries about world economic growth.
Among the big names making news in the market today were AT&T, Visa, Netflix, Boeing, EBay, Facebook, and Apple.
As of close of business: 10/23/2012
Gold Warehouse Stocks:
Silver Warehouse Stocks:
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
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
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)
Gold Bullion Securities
London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam
ETFS Physical Gold
Australian Stock Exchange (ASX)
Gold Bullion Securities
Johannesburg Securities Exchange (JSE)
New Gold Debentures
Note: No change in Total Tonnes from yesterday’s data.
COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.00: +0.87 change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,918.67: +30.12 change from yesterday’s data.
Gold Fields’ (GF) dismissal appeals, Randgold’s (GOLD) project update, Entree Gold’s (EGI) Preliminary Economic Assessment, AngloGold’s (AU) strike and production update, Avino’s (ASM) operational update, Excellon’s (EXN.TO) drill results, and Huldra Silver’s (HDA.V) Concentrate Purchase Agreements were among the big stories in the gold and silver mining industry making headlines today.
RVM +3.55% $3.50
ASM +3.47% $1.55
3. Gold Reserve
GRZ +1.95% $3.14
1. Mines MGMT
TGD -4.68% $2.65
MUX -4.14% $4.40
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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