by David Kranzler
Investment Research Dynamics
It’s becoming monotonous. The precious metals get the obligatory price hit at 6 p.m. EST when the CME’s Globex electronic trading system re-opens after taking about an hour break from manipulating markets. Then gold/silver rally throughout the eastern hemisphere trading hours, which wind down around 3 a.m. EST. And then gold begins to fade going into the manipulated London a.m. gold price fix. It typically trades laterally until the Comex gold pit opens (8:20 a.m EST), which is when we get the customary “cliff dive” price drop: