by Ed Steer
Silver Seek
The gold price didn’t do much through almost all of the Globex trading session on Friday, but was then sold down a bit starting at or shortly after the noon silver fix in London — and that lasted until five minutes before the 8:20 a.m. COMEX open in New York. It shot higher on that b.s. jobs report number…but ‘da boyz’ were laying in wait…engineering it two sharps steps lower — and setting its low tick at 12:40 p.m. EDT. It was allowed to rally a bit from there until the 1:30 p.m. COMEX close — and it didn’t do much after that.
The high and low ticks in gold, both of which were set in COMEX trading in New York, were reported as $2,536.10 and $2,490.70 in the October contract — and $2,559.80 and $2,513.90 in December. The October/December price spread differential in gold at the close in New York yesterday was $23.10… December/February was $21.40 — and February/April was $17.40 an ounce.