There wasn’t much to comment on in gold and silver action in the Far East until London opened for business on Wednesday. Then prices rose until the London silver fix was in at 7:00 a.m. New York time. Then both metals got sold off. The silver price bottomed a couple of hours later, but gold worked its way down slowly to its low, which was almost at the end of regular trading in New York.

Not a lot happened in gold and silver on Monday. Every attempt at a rally was capped…and both metals traded within a range. Options expiry on the Comex is at the close of business today…OTC options on Thursday…and first day notice on Friday.

Both gold and silver began rising unsteadily right from the time Globex trading began in the Far East on Thursday morning, but the party didn’t really get started until midway through the London session.

In Far East trading on Tuesday morning, both silver and gold got sold off. The bottom was in shortly before London opened…and a spirited rally commenced until about 6:30 a.m. New York time when both metals got sold off again…with some help on the Comex open.

What a day it was! Shortly after Sydney opened, and for no reason that most people would understand, the bids just disappeared in gold and silver.