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FLASH: German Gold Report Reveals Secret Sales That Likely Were Part of Swaps

by Ed Steer
Ed Steer’s Gold & Silver Daily

Yesterday in Gold and Silver

After the obligatory sell-off during the first hour at the Sunday night open in New York, the gold price rebounded once trading began in Tokyo.

After gaining back all the loss from New York, the gold price crawled higher for the rest of the Monday trading day everywhere on Planet Earth.

Gold closed at $1,729.50 spot, up $9.00…almost on its high of the day…which was 1,730.90 spot…and that particular price was printed around 12:50 p.m. in New York. Volume was close to 116,000 contracts, which was pretty light.

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