‘Da Boyz’ Appear at 8:30 a.m. in New York

by Ed Steer
Gold Seek


The gold price traded flat up until 2 p.m. China Standard Time on their Friday afternoon — and then got sold a bit lower for the next forty-five minutes or so. It began to creep quietly and mostly evenly higher until the jobs report came out at 8:30 a.m. in New York yesterday morning. The bids got pulled — and every other illegal act was performed — and it was sold down hard into the 10 a.m. EST afternoon gold fix in London. From there it traded quietly and unevenly sideways until the 1:30 p.m. EST COMEX close — and it didn’t do a thing after that.

The high and low ticks in gold were reported as $1,485.30 and $1,463.30 in the February contract.

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