Lawrence Williams: Is Indian Gold Turnaround a Game Changer For Prices?

by Ed Steer
Ed Steer’s Gold & Silver Daily, Casey Research

Yesterday In Gold & Silver

Like on Thursday, gold got gently sold down in early Far East trading on their Friday, with the low of the day in the Far East coming shortly after 1 p.m. Hong Kong. The price rallied a few dollars from there, until about an hour before the London open—and then it got sold down again into the noon London silver fix. The rally off that low began about 12:45 p.m. GMT—and then the price got hammered at the 8:30 a.m. EST release of the job numbers in U.S.—an event that I’d completely forgotten about.

After a precipitous decline of just under twenty bucks, the price rallied back to the $1,200 spot price mark where it ran into a not-for-profit seller once again—and got quietly sold down until 1 p.m. EDT, before rallying a few bucks into the close.

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