As has been the case lately, gold sold off quietly the moment that Globex trading began in the Far East yesterday morning. As I’ve said before, volume is razor thin at the best of times in that part of the world, and only improves on the London open. But having said even that, over 90% of daily volume in the precious metals market occurs during regular hours on the Comex in New York. For all practical purposes…the New York market is the gold market. In silver, it’s even more so.