by Ed Steer
Ed Steer’s Gold & Silver Daily
Yesterday in Gold and Silver
As I mentioned in ‘The Wrap’ section of Friday’s column, there was no price activity worthy of the name during the Far East trading day…and very little during London trading, either.
The usual rally that began shortly before the Comex open, was dispatched in the usual way by what I would suspect would be the usual group of not-for-profit sellers.
The high tick of the day [$1,622.00 spot] came at 8:50 a.m. in New York…and immediately got sold down from there.
Gold closed the Friday electronic trading session at $1,615.80 spot, up $1.10 from Thursday’s close. Net volume was a tiny 82,000 contracts.