Gold is still holding above 1630 a positive signal but still looking very weak

Gold is still holding above 1630 a positive signal but still looking very weak. The rest of the precious group is off at least 1% or more and they look very weak as continued weak economical news put a damper on demand. The US dollar lost ground yesterday on the positive news of a Greek bailout but new concerns that it may not come together is threatening another sell off. This may be a game changer. Physical buyers continue to buy at these levels both in Asia and the US but the investment market remains unconvinced of a recovery as indicated by recent losses in Gold ETF positions. However all other economic factors remain the same and a Global Economic recovery remains a distant dream. Note: Rh and Ru lose ground as well.

9/28/2011 10:19			Last		%Change			Low			High
Au- Dec			1,638.50		(0.84)			1,633.20			1,672.00
Pt-Jan			1,545.50		(2.02)			1,535.00			1,573.80
Pd-Dec			636.70		(2.03)			636.70			657.00
Ag-Dec			30.805		(2.310)			30.715			32.880
EFPs			Au 1.50/2.50		Pt 4/8			Pd .50/4.5			Ag 1/7
London			AM		PM			Minor			PGMs
Au			1,655.00		1,643.00			Rh			1700
Pt			1,559.00		1,556.00			Ru			160
Pd			650.00		644.00			Ir			1100
Ag			31.04		DJI			11,211.73			21.04
FX			Last		%Change			Low			High
EUR			1.3605		0.10			1.3539			1.3690
JPY			76.49		(0.36)			76.29			76.87
GBP			1.5640		0.05			1.5603			1.5677
CHF			0.8977		0.17			0.8922			0.9001
Others			Last		%Change			Low			High
Crude- Dec			83.330		(1.590)			84.840			82.920
Copper-Dec			3.313		(3.430)			3.406			3.290
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
Date	Time	Statistic		For		Actual	Forecast		Expects	Prior		Revised
28-Sep	7:00 AM	MBA Mortgage Index		24-Sep		9.30%	NA		NA	0.60%		-
28-Sep	8:30 AM	Durable Orders		Aug		-0.10%	0.50%		0.10%	4.10%		-
28-Sep	8:30 AM	Durable Ordes ex Transportation		Aug		-0.10%	-0.50%		-0.20%	0.70%		0.80%
28-Sep	10:30 AM	Crude Inventories		24-Sep		-	NA		NA	-7.336M		-