Dr. Marc Faber: Bottom Forming in Gold

by Ed Steer
Ed Steer’s Gold & Silver Daily

Yesterday in Gold and Silver

All was quiet in Far East trading right up until 3:00 p.m. in Hong Kong. At that point, the gold price developed a slight negative bias…and shortly after the London morning gold fix was in, the high-frequency traders went to work.

The rest, as they say, is history.

Then right at 2:00 p.m. in New York…probably on the Fed news…the bid disappeared and the gold price plunged another $20 in electronic trading.

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