All Posts Tagged With: "IAU"
Gold and Silver Under Increasing Selling Pressure
Gold and silver were range bound throughout trading in the Far East early Tuesday morning. But all that changed the moment that London opened…as both metals came under increasing pressure as the trading day moved along in Europe.
And Then There’s This…Tuesday, July 29th, 2008
Gold and silver started the week by rising slowly in price from the Globex open in the Far East through the London a.m. fix.
And Then There’s This…Saturday, July 26th, 2008
Silver and gold had some smallish gains in Far East trading on Friday morning, but once London opened, the upward momentum vanished…and then was extinguished the moment that the Comex (AMEX:IAU) in New York began trading. The bottom in both metals occurred shortly after 10 a.m. NY time. The ensuing rally lasted for a couple of hours before it flat-lined into the close in after hours trading on the Globex.
And Then There’s This…Saturday, July 19th, 2008
Not much happened with gold and silver in Far East trading early Friday morning. However, about two hours before New York opened, a sell off began in both metals in London trading. This ended the moment that trading on the Comex (IAU) started…with the prices peaking at the London p.m. fix at 10:00 a.m. NY time. From there, both metals were taken down.
And Then There’s This…Friday, July 18th, 2008
In Far East trading early Thursday morning, gold picked up five bucks and silver was virtually unchanged. This lasted until Hong Kong closed. Then both metals got sold off until shortly before New York opened…then a rally commenced.
And Then There’s This…Saturday, July 12th, 2008
On Friday in the Far East, the gold price wandered aimlessly until shortly after the London market opened. A rally ensued that really gathered steam shortly before New York opened for business. The peak came at the London p.m. fix…the same as Thursday. From there, it sold off a little, but gained most of it back in Globex trading in the after-market hours.
And Then There’s This…Wednesday, July 9th, 2008
Gold tacked on about $5 going into the London open early Tuesday morning, and shortly after that it was down hill until London closed for the day. At that point the boys in the Comex (IAU) were on their own.
And Then There’s This…Monday, July 7th, 2008
Thursday was the day that the ECB raised their interest rates…and the US jobs report came out. Considering the nature of the news, one would have expected the US$ and US equity markets to fall…and gold and silver to rise. It was not to be.
And Then There’s This…Wednesday, July 2nd, 2008
Neither gold nor silver did much of anything in early Tuesday morning trading in the Far East.
And Then There’s This…Friday, June 27th, 2008
Both gold and silver were pretty quiet in Far East trading on Thursday morning. The London open gave no indication that prices were going to work their way slowly higher going into the Comex open. But about an hour before New York opened for business, gold and silver started going parabolic…and then went vertical on the Comex (AMEX: IAU) open.
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