Gold rose when Globex trading resumed in New York late Thursday evening, but sold off the second the Sydney market closed for the weekend. The bottom was in London…about 7:00 a.m. NY time. From there it rose (with lots of opposition) until Globex trading was through for the weekend in New York.

Gold declined throughout the Far East and Europe in early Thursday morning trading. The decline rate accelerated about two hours before the Comex open in New York. Once the NY boys showed up, the price dropped another $8 to a low of $856.50 in just a few minutes.

Neither gold nor silver showed any signs of life until the Sydney market closed in their afternoon.

 For the most part, both gold and silver got sold off early in Thursday trading in the Far East and Europe. Silver showed a little spunk just before the Comex open, but that was it. However, the moment the Comex opened, gold was smacked for about $8…and silver was knocked down about 25 cents.

Gold didn’t do much of anything on Wednesday until well into the trading day in London.

Both gold and silver began selling off in London at 5:00 a.m. New York time. Then at precisely 9:00 a.m. Eastern time, a not-for-profit seller showed up, and gold and silver got smacked at exactly the same time as the dollar skyrocketed.

On Friday morning in Far East trading, gold began a gentle decline that started at the beginning of trading in Hong Kong…which accelerated slightly into the London open.

Both gold and silver did virtually nothing on Thursday until shortly after London opened. Then (just like Wednesday) a sell-off began in both metals which lasted until shortly after the Comex opened in New York.

Gold didn’t do a lot on Friday, but silver definitely had a mind of its own. It rose throughout the Far East and Europe, but ran into a not-for-profit seller at 9:00 a.m. New York time.

All was quiet in the Far East and Europe in gold and silver trading yesterday morning. Then the boys in New York showed up for work…and away went the prices to the upside.