Gold Mining CEOs Told to Fix Slump as Investors Prove Restless
by Ed Steer
Ed Steer’s Gold & Silver Daily
Yesterday in Gold and Silver
It was another low volume day in the world’s gold market on Tuesday…but the price pattern was eerily similar to what happened on Monday.
The gold price got sold down about five bucks early on, with its Far East low coming just before lunch in Hong Kong. From there it rallied a hair, but didn’t do much until shortly before noon in London. That rally ended in short order…and then got sold down to its New York low shortly after 10:00 a.m. Eastern.
From that low, the gold price slowly rallied right into the 5:15 p.m. electronic close.
Gold closed the Tuesday session at $1,710.40 spot…down $2.20 from Monday. Volume was only 80,000 contracts…even less than on Monday.
Continue Reading at CaseyResearch.com…
2012-12-12 10:22:02
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