• Gold: 1,459.52 -1.23
  • Silver: 16.58 -0.00
  • Euro: 1.105 -0.001
  • USDX: 97.677 0.288
  • Oil: 58.9 -0.27

October 15: Gold and Silver Gain While Stocks and Oil Fall

Chris Mullen
|
Tuesday, October 15th
 

Close

Gain/Loss

Gold

$1281.30

+$8.60

Silver

$21.33

+$0.07

XAU

89.39

+2.39%

HUI

219.55

+3.03%

GDM

652.10

+2.38%

JSE Gold

1258.09

-1.68

USD

80.50

+0.21

Euro

135.16

-0.48

Yen

101.71

+0.34

Oil

$101.21

-$1.20

10-Year

2.720%

+0.029

T-Bond

132.09375

-0.125

Dow

15168.01

+0.87%

Nasdaq

3794.01

+0.56%

S&P

1698.06

+0.71%

 
 

The Metals:

 

Gold fell $21.14 to $1251.56 by a little after 7AM EST before it rebounded to $1277.08 in early New York trade and then fell back to $1267.20 by late morning, but it then climbed to a new session high of $1287.92 in the next few hours of trade and ended with a gain of 0.68%. Silver slipped to as low as $20.494 at one point, but it then rose to as high as $21.50 and ended with a gain of 0.33%.

 

Euro gold rose to €947, platinum gained $7.50 to $1383.50, and copper remained at about $3.30.

 

Gold and silver equities waffled near unchanged for most of the morning, but they then climbed to see roughly 3% gains by midafternoon and remained near that level for the rest of the day.

The Economy:

 

Report

For

Reading

Expected

Previous

Empire Manufacturing

Oct

1.5

4.5

6.3

 

Tomorrow may bring CPI, Net Long-Term TIC Flows, the NAHB Housing Market Index, and the fed’s Beige Book.

 

The Markets:

 

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

 

Oil fell and the U.S. dollar index pared early gains as lawmakers appear to have made little progress towards arriving at a deal to raise the debt ceiling before Thursday’s deadline.

 

Treasuries fell along with the Dow, Nasdaq, and S&P on uncertainty about budget talks.

 

Among the big names making news in the market today were Citigroup, BlackBerry, Johnson & Johnson, Charles Schwab, Coca-Cola, and FedEx.

 

GATA Posts:

 

 

Alasdair Macleod: Valuing gold

Colluding big bank currency traders called themselves 'bandits' and 'cartel'

Is Casey Research peeking out from behind its ideological blinders?

Hathaway's gold market manipulation complaint emboldens MineWeb's Williams

After sudden plunge, gold traders cry conspiracy

 

The Statistics:

As of close of business: 10/14/2013

Gold Warehouse Stocks:

6,910,677.798

-288.239

Silver Warehouse Stocks:

165,652,543.887

-306,089.096

 

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

889.132

28,586,470

US$36,312m

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$5,648m

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$8,004m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$456m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

41.55

1,335,829

US$1,767m

Note: Change in Total Tonnes from yesterday’s data: SPDR subtracted 1.846 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 175.41: No change from yesterday’s data.

Silver Trust (SLV) Total Tonnes in Trust: 10,445.30: -59.94 change from yesterday’s data.

 

The Miners:

 

Freeport’s (FCX) notes redemption, AuRico’s (AUQ) preliminary third quarter operational results, McEwen’s (MUX) third quarter production results, SilverCrest’s (SVL.V) third quarter production results, Avino’s (ASM) September production report, and Fortuna’s (FSM) third quarter production results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1. AuRico

AUQ +8.38% $3.88

2. McEwen

MUX +5.83% $2.18

3. B2Gold

BTG +5.16% $2.24

LOSERS

1. Tanzanian Royalty

TRX -6.28% $2.09

2. Revett

RVM -4.18% $1.17

3. Pretivm

PVG -3.68% $4.71

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 2013

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