by Ed Steer
The gold price traded flat in Far East trading on their Friday morning until a few minutes before 10 a.m. China Standard Time on their Friday morning. The bids got pulled at that point — and the price cratered by a bit over ten bucks in just a few seconds. It rallied from there until shortly before noon CST — and then didn’t do much of anything until the job numbers hit the tape at 8:30 a.m. in New York. Gold rallied sharply at that juncture, but ran into ‘something’ at exactly 10:30 a.m. EST, minutes before it was about to blow through $1,900 spot. It was then sold very quietly and evenly lower until fifteen minutes before the COMEX close — and it then crept a few dollars higher for the next few hours, before trading flat until trading ended at 5:00 p.m. EDT.