Investing Insights: Gold and Silver Decline After Weak Data.

ProShares Ultra DJ-AIG Crude Oil ETF (AMEX:UCO) shares closed down 7.2 percent at $25.63, as oil was a part of yesterday’s big decline, briefly falling below $80 per barrel, and stands now down 0.9 percent to $80.72. Even though lower oil is helpful to the consumer (and the economy), Mark Hanna wants strength in crude as well as industrial names like CAT, which would affirm the recent bullish action in the broader equity markets.

VelocityShares Daily 2x VIX Short-Term ETN (AMEX:TVIX) shares closed down 5.34 percent at $5.85, having traded between $5.84 and $109.17 in a 52-week range.

Golden Star Resources, Ltd. (AMEX:GSS) shares closed at $4.77, which is down 4.88 percent; they have traded between 90 cents and $3.12 in a 52-week range.

Samson Oil & Gas Limited (AMEX:SSN) was among the bid partners for 90 shelf and deep water blocks located in the Central Gulf of Mexico offshore lease sale, conducted by the Bureau of Ocean Energy Management. Apache (NYSE:APA) was high bidder on the acreage, among 55 other companies which included Samson, Stone Energy (NYSE:SGY), Noble (NYSE:NBL), Repsol (REPYY), Nexen (NYSE:NXY) and Ecopetrol (NYSE:EC). Apache reports that it was ranked No.1 overall for its 61 high bids on the shelf, while Apache Deepwater, the company’s deep water unit, was ranked No. 4 overall with 29 high bids, with the aggregate of the combined high bids reaching almost $96 million gross. Sampson shares closed down 4.55 percent at $1.26, having traded between $1.15 and $3.15 in the last 52 weeks.

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