October 31: Gold and Silver Gain About 1%
Gold climbed to as high as $1725.63 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 0.68%. Silver surged to as high as $32.411 before it also fell back off, but it still ended with a gain of 1.51%.
Euro gold rose to about €1327, platinum gained $20.80 to $1569, and copper climbed a couple of cents to about $3.53.
Gold and silver equities rose about 3% by midday and remained near that level for the rest of the day.
Employment Cost Index
Tomorrow at 8:15AM EST brings the delayed ADP Employment report for October expected at 143,000. At 8:30 are Initial Jobless Claims for 10/27 expected at 375,000, third quarter Productivity expected at 1.6%, and Unit Labor Costs expected at 1.4%. At 10AM is the ISM Index for October expected at 51.0, Construction Spending for September expected at 0.8%, and Consumer Confidence for October expected at 72.0.
Charts Courtesy of http://finance.yahoo.com/
Oil rose on increased demand expectations as reconstruction efforts began to repair the extensive damage done by Hurricane Sandy.
The U.S. dollar index ended slightly lower in mixed trade.
Treasuries rose as the Dow, Nasdaq, and S&P struggled to hold gains on uncertainty about the full impact of Hurricane Sandy.
Among the big names making news in the market today were Barclays, GM, Apple, MasterCard, Disney, Citigroup, and Hyatt.
As of close of business: 10/30/2012
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: 208.59: No change from yesterday’s data.
Silver Trust (SLV) Total Tonnes in Trust: 9,923.19: No change from yesterday’s data.
Barrick Gold’s (ABX) dividend, Randgold’s (GOLD) emergency health aid, Gold Resource’s (GOR) dividend, Keegan’s (KGN) new recruitments, and Excellon’s (EXN.TO) drill campaign were among the big stories in the gold and silver mining industry making headlines today.
MUX +8.48% $4.86
1. Golden Star
GSS -4.31% $2.00
JAG -3.70% $1.04
3. Northern Dynasty
NAK -3.28% $3.54
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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