Gold started making an upwards move at precisely midnight on Thursday night. It, and silver, rose until shortly before 6:00 a.m. New York time, when both mysteriously started to sell off.

South Africa ’s power cuts are serious. There is no doubt about that. A contact, who recently returned from a business trip to Johannesburg, says outages were happening for between two and four hours a day.

In England, it’s local elections. In London, it’s decision time for choosing a Mayor too… Ken, Boris or Brian..?

Is the U.S. Fed done cutting rates? The commodities market seems to think so. Gold, platinum, palladium and silver all fell by the end of New York trading. Even oil was off its all-time highs though still above US$115.

Gold held around $905 until the opening of the New York session Thursday, then it became another smackdown day, with the price heading lower until early afternoon, after which it leveled off to finish at $886.60, down $18.20. Overnight, gold has edged lower.

There are lots of reasons why a small company share can go up in price quickly. Usually it’s an innovative new product, a new market, or, in some cases, a sudden change in the market value of a good, product, or service.

Did you miss your opportunity to stock up on gold? Fear not. It looks like you’ll have another opportunity to join the gold-bugs very soon.