The Premier Silver Resource Website
Visit GoldSeek.com
Visit GoldReview.com
Visit UraniumSeek.com

- CLICK HERE TO VISIT THE NEW SILVERSEEK.COM -
Live Spot Silver
Navigation
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes







 
Gold Seeker Closing Report: Gold and Silver Reverse Early Losses and Jump to New Highs

By: Chris Mullen, Gold-Seeker.com


-- Posted 28 September, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1307.10

+$10.20

Silver

$21.68

+$0.25

XAU

199.31

+1.94%

HUI

513.55

2.61%

GDM

1560.25

+2.50%

JSE Gold

2529.31

+18.29

USD

78.95

-0.41

Euro

135.82

+1.28

Yen

119.14

+0.49

Oil

$76.18

-$0.34

10-Year

2.456%

-0.061

T-Bond

134.21875

+0.875

Dow

10858.14

+0.43%

Nasdaq

2379.59

+0.41%

S&P

1147.70

+0.49%

 
 

 

The Metals:

 

Gold fell over 1% to as low as $1282.70 in Asia, but it then jumped back higher in midmorning New York trade and ended near its late session new all-time high of $1309.80 with a gain of 0.79%.  Silver fell to as low as $21.022 in Asia before it climbed to a new 30 year high of $21.74 in afternoon New York trade and closed with a gain of 1.17%.

 

Euro gold remained at about €962, platinum gained $3.75 to $1630.75, and copper gained over 4 cents to about $3.63.

 

Gold and silver equities fell roughly 2% in the first hour of trade, but they then jumped back higher midmorning and ended with about 2% gains.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Case-Shiller 20-city Index

July

3.18%

3.3%

4.21%

Consumer Confidence

Sep

48.5

53.0

53.2

 

Tomorrow at 7AM EST is the MBA Mortgage Applications report for 9/24.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil waffled near unchanged but ultimately ended with a modest loss on poor economic data that reduced demand expectations.

 

The U.S. dollar index fell as the euro rose following comments from the ECB and poor economic data in the US that made it more likely the fed will pursue even easier monetary policy.

 

Treasuries added to early gains after today’s $35 billion 5-year note auction drew a high yield of 1.26% with another strong bid to cover of 2.96.

 

The Dow, Nasdaq, and S&P fell in early trade on poor economic data, but they then climbed back higher midday and ended with decent gains on the outlook for another round of quantitative easing from the fed.

 

Among the big names making news in the market today were Monsanto, WaMu, Toys R Us, FedEx, Hertz, Avis, Dollar Thrifty, Walgreen’s, and RIM.

 

The Commentary:

 

Dear CIGAs,

 

What a difference a set of lackluster housing data can make! It sent the Euro soaring, the Dollar tanking towards .79 on the USDX and the precious metals soaring.

 

Based on the large increase in open interest in yesterday’s session ( + 10,565), the small price range and the fact that it all occurred with gold at the $1300 level, it is now apparent that the bullion banks were making a concerted effort to cap the hold the price of gold from breaching $1300 especially on a pit session close.

 

All in all, a large number of fresh shorts were then instituted at or near that level. Guess what – someone came into the market after the lousy housing data was released this morning and blew every one of them out of the water. Within a minute’s time, a surge of buy orders took price right through $1300 completely negating the overnight selling pressure and forcing a short covering burst on up to $1304 before prices subsided a bit. Then momentum buying came in pushing prices back up again as the market moved on up towards $1310, topping out at another record lifetime high of $1309.20. A brief lull followed which led to yet another burst of buying this time taking prices above $1310 with relative ease before once again it set back a bit.

 

Silver followed suit after dipping as low as $21.06 overnight as it took out its 2008 peak before setting back a bit. The close over the March 2008 high has it now looking poised to make a run towards $25. I am just projecting resistance levels at this point but that does appear to be the next likely target. There is a bit of resistance that could surface just above $22 prior to that.

 

The HUI is in the process of attempting to make another run towards 510. That still remains the last barrier prior to formidable resistance near 520. Nothing has changed in regards to that chart; the index needs to push through that barrier preferably on a weekly closing basis, to indicate that the mining shares are finally breaking out strongly to the upside. Were it not for the continued hedge fund ratio trades, that level would have already given way. I suppose they feel as if they can ride that trade a while longer yet. We’ll see. If makes infinitely more sense for them to take the long side of the shares and the short side of the broader equity markets since any QE2 will feed directly into Dollar weakness, gold strength and continued reflation trades.

On the currency front I was struck by the fact that the Swiss Franc has now notched a one year high. How much money did the Swiss monetary authorities expend in attempting to weaken the Franc not all that long ago and look where it got them!

 

The problem remains the same – the US monetary authorities are “out debauching” everyone on the planet with perhaps the exception of the Japanese monetary authorities although I am beginning to wonder if the BOJ is effectively finished as the most powerful foe of currency traders on the planet. If so, it has died a rather inglorious death certainly not in keeping with the history of the Samurai. The yen is almost right back to where it was prior to their huge intervention efforts less than 2 full weeks ago. If they cannot knock it back down any better than this, then what does that say about their true power? As I have stated repeatedly, the Yen is becoming a serious political issue in Japan for obvious reasons as their economy relies on the strength of its export markets. The strength in the Yen is choking off sales from that sector eliciting howls of disgust and disapproval from powerful, well connected business leaders. We will watch with great interest how this plays out. The Swiss were forced to throw in the towel on the intervention front; will the BOJ be next? If so, we are watching history.

 

Perhaps we need another sequel – “Last of the Samurai – Part 2”. Tom Cruise can reprise his role leading what is left of Katsumoto’s army against the armies of Ben Bernanke (whom we find out is a distant cousin to Omura)  who mows them all down with a printing press which spits dollars out at blinding speed wrecking the entire countryside after filling it with corpses.

 

Seriously, as much as one might try to find a fundamental reason to buy the Dollar, there just does not seem to be any. It is evident that the Fed has made the determination to sacrifice the Dollar on the altar of expediency. There is not a country on this earth that is polluting the planet with as much paper as the current Fed. Then again, that might explain cotton prices at new 15 years high since it is my understanding that the “paper” the Dollar is printed on is not actually paper but a cotton fiber blend. How much cotton is it going to require before Ben gets “inflation back to levels consistent with its mission.”

 

Back to gold however – the push through $1300 is a remarkable display of strength and determination on the part of the bulls who simply keep coming in and buying dips in price. The report is the same – dips in this market are shallow and short-lived as buying sentiment remains very strong. What we are seeing is the market becoming increasingly focused on that recent FOMC statement with the expectation that Bernanke is going to pull the QE2 card out of his sleeve and play it. That’s what is feeding into the bond market, the Dollar, and the precious metals.

 

Speaking of bonds, the long bond pushed up through last week’s high on further anticipation of the Fed buying every debt issue in sight. The chart pattern indicates a push back towards the recent peak near 137 – 138 is in order should further economic data releases continue to confirm the sluggish pace of any so-called “recovery”. The FOMC has made it clear that they will do whatever it takes to avoid such an occurrence. Bond traders are taking them at their word. If the bonds get back up to that level, it is going to be most crucial moving forward how they act up there.

 

Keep an eye out for possible downgrades coming out of the Euro Zone. That might put a bid under the Dollar for a short time as the Euro could come under some pressure. So far the Forex markets appear to be discounting that scenario. Either that or they are so eager to sell the Dollar on the QE2 play that they no longer care. If that is true, heaven help our nation.- Dan Norcini, More at JSMineset.com

 

GATA Posts:

 

 

Jonathan Kosares: Gold a bubble? Not even close

Bank of England tells savers: Screw you; we're debasing the currency

World currency war has begun, Brazil's finance minister says

2010 gold buffalo bullion coins sold out

Ambrose Evans-Pritchard: Fed is out of control, arranging debt default by stealth

 

The Statistics:

Activity from: 9/24/2010

Gold Warehouse Stocks:

10,816,513

-96

Silver Warehouse Stocks:

110,465,505

-989,234

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)

SPDR® Gold Shares

1300.521

41,813,063

US$54,089m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

125.13

4,023,088

US$5,256m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

127.64

4,103,802

US$5,362m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

475,461

US$597m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

48.98

1,574,691

US$2,042m

NASDAQ Dubai

Dubai Gold Securities

0.155

4,969

US$7m

Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.12 tonnes.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 98.75 - No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9613.02 - No change from yesterday’s data.

 

The Miners:

 

Brigus Gold’s (BRD) bought deal financing, Gold Reserve’s (GRZ) arbitration claim, Richmont’s (RIC) drilling program, and Ivanhoe’s (IVN) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Banro

BAA +9.41% $2.21

2.  Capital Gold

CGC +8.99% $4.73

3.  Gold Resource

GORO+8.52% $19.49

 

LOSERS

1.  Mines MGMT

MGN-5.08% $2.24

2.  Timberline

TLR -0.93% $1.07

3.  Exeter

XRA -0.46% $6.52

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

All of today's gold and silver stock news:

Salazar Reports Updated Resource Estimate for El Domo, Curipamba, Ecuador - More
- September 28, 2010 | Item | ShareThis


San Marco's Private Placement Increased to 5.1 Million Units - More
- September 28, 2010 | Item | ShareThis


Macusani Yellowcake Announces Drill Results Along Strike at the Corachapi Uranium Property, Peru - More
- September 28, 2010 | Item | ShareThis


Focus Receives Drill Permit for its Chucara Gold-Silver Project, Peru; Geophysical Survey Completed, Additional Drill Targets Identified - More
- September 28, 2010 | Item | ShareThis


PEBBLE CREEK MINING LTD. ASKOT DRILLING UPDATE - More
- September 28, 2010 | Item | ShareThis


DRILL TARGETS AT ROTTENSTONE - More
- September 28, 2010 | Item | ShareThis


Brigus Gold Corp. Announces C$50 Million "Bought Deal" Financing - "Brigus Gold Corp. (“Brigus Gold” or the “Company”) (TSX: BRD - News)(NYSE Amex: BRD) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers, whereby the Underwriters have agreed to: (i) purchase 30,000,000 units (“Units”) of Brigus at a price of C$1.50 per Unit (the "Unit Price") for gross proceeds to the Company of C$45,000,000, and (ii) offer for sale on a guaranteed agency basis, up to 2,941,177 common shares designated as flow-through shares for purposes of the Income Tax Act (Canada) (the “Flow-Through Shares”), at a price of C$1.70 per Flow-Through Share (the “Flow-Through Price”) for gross proceeds to the Company of up to C$5,000,000 (collectively, the “Offering”)." More
- September 28, 2010 | Item | ShareThis


Golden Peaks Reports Reconnaissance Holes - More
- September 28, 2010 | Item | ShareThis


Sama Resources Closes Additional Private Placement of CAN$1,000,000 - More
- September 28, 2010 | Item | ShareThis


Avino Assays Up to 0.80m of 5,522 g/t Ag & 1.304 g/t Au at San Gonzalo - More
- September 28, 2010 | Item | ShareThis


St. Eugene Announces Expanded Drill Program for Amisk Gold Project - More
- September 28, 2010 | Item | ShareThis


Goldstone-Premier Joint Venture Drilling Expands Deep Gold Zones at Hardrock Project - More
- September 28, 2010 | Item | ShareThis


AuEx Ventures, Inc.: Expiry Dates of Warrants Accelerated - More
- September 28, 2010 | Item | ShareThis


Kings Minerals Announces Commencement of Trading on the Tsx Venture Exchange - More
- September 28, 2010 | Item | ShareThis


Victoria Gold Reports Drill Hole Intercept of 30.50 m Grading 12.03 g/t Gold from Shamrock Target, Yukon - More
- September 28, 2010 | Item | ShareThis


Skyline Gold Announces Leadership Changes - More
- September 28, 2010 | Item | ShareThis


Silver Dragon Appoints Charles McAlpine to Its Board of Directors - More
- September 28, 2010 | Item | ShareThis


Golden Phoenix Announces Stock Buyback Program - More
- September 28, 2010 | Item | ShareThis


NSGOLD CORPORATION PROVIDES EXPLORATION UPDATE FOR MOOSELAND GOLD PROJECT - More
- September 28, 2010 | Item | ShareThis


Columbia Yukon Closes Private Placement - More
- September 28, 2010 | Item | ShareThis


Maya Gold & Silver Welcomes Mackenzie I. Watson to its Advisory Board - More
- September 28, 2010 | Item | ShareThis


China Gold International Resources: Up to 315.30 Meter Higher Grade Copper Polymetallic Mineralization Zone Intersected at Jiama Project - More
- September 28, 2010 | Item | ShareThis


PREMIER - DRILLING EXPANDS DEEP GOLD ZONES AT HARDROCK 5.49 g/t Au ACROSS 53.0 m INCLUDING 11.34 g/t Au ACROSS 19.5 m - More
- September 28, 2010 | Item | ShareThis


Gold World Resources strengthens team for its Jin Yin Dong ("JYD") Gold Mine, China - More
- September 28, 2010 | Item | ShareThis


AM Gold Inc. Intersects 487.4 Metres at 0.72 g/t Au at Red Mountain Project-Yukon - More
- September 28, 2010 | Item | ShareThis


Wildcat Updates Preliminary Economic Assessment on Hardshell; 6 Million Ounces Per Year Silver Production, NPV of $357 Million; Announces $5 Million Private Pl. - More
- September 28, 2010 | Item | ShareThis


Toro Resources Corp.: Positive Independent Consultant Report for the Morgan Peak Copper Project - More
- September 28, 2010 | Item | ShareThis


American Creek Resources announces $525,000 private placement - More
- September 28, 2010 | Item | ShareThis


Laurion Discovers Two New High Grade Gold and Silver Zones With Assays Grading 124 g/t Gold With 79 g/t Silver and 9.87 g/t Gold With 136 g/t Silver - More
- September 28, 2010 | Item | ShareThis


Lake Victoria Intersects Suspected Visible Gold in Three Target Areas, at the Singida-Londoni Gold Project, Tanzania - More
- September 28, 2010 | Item | ShareThis


ValGold Reports Further Positive Drill Results for Garrison - More
- September 28, 2010 | Item | ShareThis


Klondike Gold Corp Follow Up Drill Program on Clubine Gold-Silver Property - More
- September 28, 2010 | Item | ShareThis


Golden Dawn Minerals Inc. - Closing of Non-Brokered Private Placement - More
- September 28, 2010 | Item | ShareThis


F.D.G. Mining Inc. Raises $1.3 Million on Oversubscribed Private Placement - More
- September 28, 2010 | Item | ShareThis


Terra Ventures Inc.: More Off-Scale Radioactivity at Roughrider as Summer Program Continues to Infill and Extend Uranium Mineralization - More
- September 28, 2010 | Item | ShareThis


Spanish Mountain Gold Announces Positive Results of Gold Recovery Testwork - More
- September 28, 2010 | Item | ShareThis


Azimut completes comprehensive work program at REX, Nunavik, Quebec - More
- September 28, 2010 | Item | ShareThis


St. Elias Mines Ltd. -- Strawberry Flats Gold Project, B.C. - More
- September 28, 2010 | Item | ShareThis


Yinfu Gold Signs MOU to Negotiate for Two Gold Mines in China - More
- September 28, 2010 | Item | ShareThis


Pele Mountain Projects Up to 218,000 Kilograms of Recoverable Rare Earth Oxides Annually, in Addition to 826,000 Pounds of U3O8 at Eco Ridge Mine - More
- September 28, 2010 | Item | ShareThis


Olympus' Stake of the Bau Gold Field to Increase to 93.55% - More
- September 28, 2010 | Item | ShareThis


Alexis Exploration Closes in on Potential Large Deposit in Val-d'Or - More
- September 28, 2010 | Item | ShareThis


Richfield Drills 199 metres @ 1.47 g/t Au, including 66 metres of 2.24 g/t Au at Blackwater Gold Project - More
- September 28, 2010 | Item | ShareThis


Curis Hires Successful Industry Veteran to Lead Development of the Florence Copper Project - More
- September 28, 2010 | Item | ShareThis


Gold Dust Yields Additional High Grade Gold and Silver Results - More
- September 28, 2010 | Item | ShareThis


Trijet Mining Encounters 16 Meters of 1.33 g/t Au, Including 4.2m of 4.7 g/t at Surface at Letourneur - More
- September 28, 2010 | Item | ShareThis


Golden Hope Exploration Update - More
- September 28, 2010 | Item | ShareThis


Cream Minerals Responds to Endeavour Silver Announcement - More
- September 28, 2010 | Item | ShareThis


Taku Resumes Soil Sampling on Rosebute Property, White Gold Area of Yukon - More
- September 28, 2010 | Item | ShareThis


Creso Exploration Acquires the Buckingham and Moore-Macdonald Properties and Exercises an Earn-In Option on Temex's North Duggan Property - More
- September 28, 2010 | Item | ShareThis


New Pacific Metals Announces Expiry of Bid and Take Up of Additional Shares of Tagish Lake Gold - More
- September 28, 2010 | Item | ShareThis


Appointment of New Non-Executive Director - More
- September 28, 2010 | Item | ShareThis


TVI Pacific Announces Completion of Seventeenth Shipment of Copper Concentrates Produced at Canatuan - More
- September 28, 2010 | Item | ShareThis


Riverside Develops High Grade Silver Targets at Recently Staked Clemente Silver-Gold Project in Sonora, Mexico - More
- September 28, 2010 | Item | ShareThis


Hathor Exploration Limited: More Off-Scale Radioactivity at Roughrider as Summer Program Continues to Infill and Extend Uranium Mineralization - More
- September 28, 2010 | Item | ShareThis


Capstone Reports Additional High Grade Copper-Gold Results From Minto East - More
- September 28, 2010 | Item | ShareThis


MetalCorp to Start Drilling Campaign at Hemlo East Property - More
- September 28, 2010 | Item | ShareThis


Northern Gold Drilling at Garrcon Intersects 190 Meters of 1.10 g/t Which Includes 92 Meters of 1.52 and 60 Meters of 2.05 g/t - More
- September 28, 2010 | Item | ShareThis


Mineral Mountain Options Former High Grade Gold Producer - More
- September 28, 2010 | Item | ShareThis


Reservoir Files Applications for Hydroelectric Projects on the Cehotina River in Bosnia - More
- September 28, 2010 | Item | ShareThis


Lydian Drills 87m at 2.8g/t and 84m at 1.1g/t Gold in Resource Extension and Infill Drilling at Amulsar - More
- September 28, 2010 | Item | ShareThis


Guyana Goldfields Receives Environmental Permit Approval for the Aurora Gold Project - More
- September 28, 2010 | Item | ShareThis


CanAlaska Uranium Reports on Cree East Summer Drill Program - More
- September 28, 2010 | Item | ShareThis


Encore Renaissance Reports Resumption of Full Operations on the Bonaparte Gold Project - More
- September 28, 2010 | Item | ShareThis


Excalibur Provides a Revised Update of the Sturgeon Lake Exploration Program - More
- September 28, 2010 | Item | ShareThis


Gold Reserve Inc. Submits $1.928 Billion Arbitration Claim to World Bank's ICSID - "Gold Reserve Inc. (TSX:GRZ - News)(NYSE-Amex:GRZ) announced today it has filed its arbitration claim against the Bolivarian Republic of Venezuela with the World Bank’s International Centre for Settlement of Investment Disputes (“ICSID”), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty (“BIT”)." More
- September 28, 2010 | Item | ShareThis


Richmont Mines Begins a 5,500 Metre Surface Drilling Program on its Monique Property - "Richmont Mines Inc. (TSX:RIC - News)(AMEX:RIC - News) ("Richmont" or the "Company"), is pleased to announce that it has begun a 5,500 metre drilling program on its Monique property, located near Val-d'Or, Quebec. Past drilling on this property has revealed gold mineralized zones at a depth of less than 100 metres." More
- September 28, 2010 | Item | ShareThis


Ivanhoe Mines Ltd.: New Drill Hole at Oyu Tolgoi Intercepts 938 Metres of Near-Continuous Copper/Gold Mineralization Between Heruga Deposit and Southern Oyu - "Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and Richard Gosse, Vice-President, Exploration, announced today that the company has intercepted almost one kilometre of near-continuous gold and copper mineralization in drill hole OTD1510 at Oyu Tolgoi, making it the longest exploration drill intercept of gold and copper mineralization recorded since Ivanhoe began drilling at the Oyu Tolgoi Project in 2001." More
- September 28, 2010 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

 

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 28 September, 2010 | |


Latest Articles


Gold Seeker Closing Report: Gold and Silver Fall Over 2% More
13 December, 2011

Gold Seeker Closing Report: Gold and Silver Fall Almost 3%
12 December, 2011

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Slightly on the Week
9 December, 2011

Gold Seeker Closing Report - Article Archive List

SilverSeek.com is presented to you by:

© 2003 - 2011
SilverSeek.com, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.