NEW YORK ( TheStreet) -- The gold price got hit for six bucks the moment that trading began at 6 p.m. EDT on Sunday evening in New York. Then shortly after London opened, the gold price began to struggle back---and made it almost to the unchanged mark by the 8:20 a.m. Comex open---and that was it for the day. Once again the high and low ticks aren't worth mentioning. Gold closed in New York on Monday at $1,276.20 spot, down $4.60 on the day. Volume, because of the fact that the Globex trading system was down for part of the day, was a very anemic 50,000 contracts. It was more or less the same for silver, expect the low tick came shortly after 10 a.m. BST---and then the subsequent rally into the Comex open in New York met the same price fate as gold. The low and high ticks are barely worth posting, but here they are. The low was 19.295---and the high was 19.47 in the September contract. Silver closed yesterday at $19.345 spot, down a nickel from Friday. Net volume was a tiny 6,000 contracts. The platinum price chopped sideways until the Zurich open---and then get sold off a few dollars, closing down four bucks on the day. The palladium price didn't do a whole lot until the Comex open. At that point it got sold down a few dollars, with its low coming minutes before 10 a.m. EDT. The subsequent rally took it back into positive territory---and it printed its high tick in electronic trading after the Comex close. The metal finished up five bucks. The dollar index closed in New York late on Friday afternoon at 82.31. It rallied almost 30 basis points at the open at 6 p.m. in New York on Sunday evening---and then didn't do much for the rest of the Monday trading session, closing at 82.58---up 27 basis points from Friday. Here's the 3-day chart. The gold stocks gapped down a bit at the open---and then crawled quietly lower from there, as the HUI finished down 1.44%. The silver equities turned in a similar performance, as Nick Laird's Intraday Silver Sentiment Index closed down 1.68%. The CME Daily Delivery Report showed that 162 gold and zero silver contracts were posted for delivery within the Comex-approved depositories on Wednesday. The three largest short/issuers were JPMorgan out of its client account with 95 contracts---and Morgan Stanley and Jefferies with 44 an 21 contracts respectively. The two largest long/stoppers were HSBC USA and Canada's Scotiabank with 72 and 71 contracts respectively. The link to yesterday's Issuers and Stoppers Report is here. CME's Preliminary Report for the Monday trading session showed that there were 223 gold contracts still open in August, of which 162 contracts will disappear on Wednesday when the above-noted delivery occurs. There are only a couple of silver contracts left open. Not surprisingly, an authorized participant withdrew 96,194 troy ounces of gold from GLD---and as of 5:56 p.m. Monday afternoon, there were no reported changes in SLV. The U.S. Mint had a sales report to start off the new week. They sold 2,500 troy ounces of gold eagles---500 one-ounce 24K gold buffaloes---and 292,500 silver eagles. There wasn't much in/out gold activity at the Comex-approved depositories on Friday, as only 3,858 troy ounces were reported received---and 300 troy ounces shipped out. All of the activity was at Canada's Scotiabank---and the link to that is here. There was very decent activity in silver once again, as 766,292 troy ounces were received, but only 62,002 troy ounces were shipped out. I would guess that the silver being received lately is in preparation for the September delivery month which begins next Monday. The link to the silver action is here. As I mentioned in my comments about gold at the top of this column, the Globex trading system was down for several hours early on Monday. Rather than go into the details myself, Mark O'Byrne over at the goldcore.com Internet site describes it better than I could, so I recommend you read his Monday column, as it's all there. The link to his webpage his here. Since this is my Tuesday column, I have three days worth of stories posted below---and I'll happily leave the final edit up to you once again.
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.