Please Note: US Stock and Bond Markets were closed today due to Hurricane Sandy. Futures markets remained open. Equity markets are expected to return to normal operations tomorrow.

The Metals:

Gold climbed $6.17 to $1715.17 by about 7:30AM EST before it fell back off in New York, but it still ended with a gain of 0.03%. Silver rose to as high as $32.118 before it also fell back off, but it still ended with a gain of 0.06%.

Euro gold fell to about €1319, platinum gained $18 to $1548.20, and copper remained at about $3.51.

The Economy:

Tomorrow at 8:15AM EST brings ADP Employment for October expected at 143,000. At 8:30 is the third quarter Employment Cost Index expected at 0.5%, and at 9:45 is Chicago PMI for October expected at 50.9.

The Markets:

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

Oil ended slightly higher on an expected return to normal levels of energy demand.

The U.S. dollar index and treasuries fell as stock futures rose on decent earnings reports and relief that most markets should return to mostly normal operations tomorrow.

Among the big names making news in the market today were IBM, US Steel, Fiat, Ford, and Apple.

The Statistics:

As of close of business: 10/29/2012

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

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

COMEX Gold Trust (IAU) Total Tonnes in Trust: 208.59: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 9,923.19: No change from yesterday’s data.

The Miners:

Eurasian’s (EMXX) agreement to regain 100% ownership of the Akarca gold-silver property in Turkey, Brigus Gold’s (BRD) closed bought deal debt financing, and SilverCrest’s (SVL.V) closed offering were among the big stories in the gold and silver mining industry making headlines today.

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

- Chris Mullen, Gold Seeker Report

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Additional Resources for today’s Gold Seeker Report can be found:

• http://www.capitalupdates.com
• http://www.goldseek.com
• http://www.silverseek.com
• http://www.goldreview.com

© Gold Seeker 2012

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