NEW YORK ( TheStreet) -- The gold price didn't do much in the early going in the Far East on their Tuesday. The price popped a bit at 10 a.m. Hong Kong time, that rally ended as quickly as it began. The the HFT boys showed up about 15 minutes before the London open, and the price was down about ten bucks in a few seconds. From there the price didn't do much until the noon silver fix in London. The rally that began at that point lasted until just after 10 a.m. in New York, where it met the same fate as a similar rally did on Monday about the same time. The CME recorded the high and lows ticks as $1,339.80 and $1,360.40 in the December contract. The gold price finished the Tuesday session at $1,344.30 spot, which was down $8.90 from Monday's close. Volume, net of October, November and February, checked in at 128,000 contracts. Silver's price path was nearly identical to gold's, except the price was more 'volatile'. The CME's daily low and high were reported as $22.30 and $22.63 in December. Silver closed on Tuesday at $22.52 spot, up a whole penny from its Monday close in New York. Net volume wasn't overly heavy at 32,000 contracts. The platinum and palladium price moves were similar to gold and silver's. Here are the charts. The dollar index closed on Monday afternoon in New York at 79.34. From there it rallied unsteadily during the Far East and early London trading sessions. There was a down/up move between 10 and noon in New York, and after that the index chopped sideways into the close. The index finished at 79.61, which was up 27 basis points from Monday. The gold stocks opened down a percent or so, and then rallied a hair until around 11 a.m. EDT. Then down they went with hardly a backward glance. The HUI finished lower by 2.90%. The silver equities opened almost unchanged, but it was all down hill from there. Despite the fact that the silver price itself finished basically flat on the day, the stocks got clubbed to the tune of 2.42%. Here's Nick Laird's Intraday Silver Sentiment Index chart. The CME's Daily Delivery Report showed that 5 gold and 12 silver contracts were posted for delivery on Thursday, the last day for delivery into the October contract. First Day Notice for delivery into the November contract [which is not a normal delivery month for either silver or gold] should be posted on the CME's Web site late this evening EDT, and I'll have the numbers for you tomorrow. The link to yesterday's activity is here. There were no reported changes in GLD yesterday. And as of 10:35 p.m. EDT, there were no reported changes in SLV, either. The U.S. Mint had another sales report on Tuesday. They sold 4,000 ounces of gold eagles; 1,000 one-ounce 24K gold buffaloes; and 194,500 silver eagles. There were no reported movements either in or out in gold and the Comex-approved depositories on Monday. As is almost always the case, there was more activity in silver, as they reported receiving 706,783 troy ounces, but shipped nothing out. Almost all of it went into CNT Depository, Inc. The link to that activity is here. I have the usual number of stories, and a lot of them, especially some of the ones posted in the precious metal section, are must reads.
This is an abbreviated version of Ed Steer's Gold & Silver Daily Sign-up to have to the complete market review delivered to your email inbox each morning for free.