Friday, October 17, 2008

The investor leverages the COMEX time gold to lower 4.1% largely eagerly




Reuter New York, October 16 ----New York commodity future exchange (COMEX) time gold once dropped 800 US dollars on Thursday, rises again finally to 800 US dollars above. The trading day trend is turbulent, the time gold and other precious metals fall, and the investor in the global market increasingly not bright situation, they sells the current assets, fall the bag peacefully. COMEX- in December the time gold GCZ8 settlement price receives low 34.50 US dollars or 4.1%, to each ounce 804.50 US dollars, the sector delivers about 70 US dollars, lies between 786.70-852.10 US dollars, the former for this contract one month low position. the commodity fund appeared settled account the spot comprehensively, and the risk wish reduced, makes the gold market business volume to be this week low, in the COMEX field gold option trader Jonathan Jossen said.

A precious metal brokerage firm said that the gold falls rapidly, because after dropping main support position 820 US dollars, stops damages the selling price aggravating. the gold walked wearily in the relatively light deal, because was had not levelled the contract to fall largely recently, and Thursday fell the major part to receive other markets the trend to affect by no means that a brokerage firm said. up to October 15, the time gold has not levelled the contract to reduce 2,085 to 321,411. US dollar exchanges a euro rise, initiates presents the sales price by US dollar valuation commodity, for example gold. the 1700GMT, COMEX time gold estimate turnover is 138,174. 1800GMT, on-hand merchandise gold falls 5.6%, reports 801.10/804.10 US dollars, on Wednesday reports 848.00 US dollars. The London gold afternoon the agreed price price is 802.50 US dollars. the silver drops 10 US dollar standard .12 month silver stock SIZ8 to fall 54.50 cents, or 5.4%, to each ounce 9.635 US dollars, close contract low position. On-hand merchandise silver reports 9.62/9.72 US dollars, falls 6%, Wednesday is 10.23 US dollars. COMEX- in January the platinum gold (platinum) stock PLF9 receives low 83.90 US dollars, or 8.6%, to each ounce 891.30 US dollars. On-hand merchandise platinum gold (platinum) the closing reports 872.00/892.00 US dollars. in December porpezite stock PAZ8 receives low 22.50 US dollar or 11.5%, newspaper each ounce 173.10 US dollars, before touch 165.05 US dollar contract low points. On-hand merchandise porpezite reports 168.50/176.50 US dollars.

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