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Brien Lundin: Don’t Expect Much From the Justice Probe of Gold Market Rigging
by Ed Steer
Ed Steer’s Gold & Silver Daily, Casey Research
Yesterday In Gold & Silver
The gold rally that began in Far East trading on their Thursday morning got capped at, or shortly after, the London a.m. gold fix—and then once the COMEX opened, that was that. By the close of London trading at 11 a.m. EST, the not-for-profit sellers had the gold price back in the box—and from there it chopped quietly sideways into 5:15 p.m. close of electronic trading.
The high and low fix were reported as $1,219.90 and $1,203.40 in the April contract.
Gold finished the Thursday session in New York at $1,209.20 spot, up $5.00 from Wednesday’s close. Net volume was pretty decent at around 123,000 contracts, about a third more than Wednesday’s volume.
Continue Reading at CaseyResearch.com…
Source: http://financialsurvivalnetwork.com/2015/02/brien-lundin-dont-expect-much-from-the-justice-probe-of-gold-market-rigging/?utm_source=rss&utm_medium=rss&utm_campaign=brien-lundin-dont-expect-much-from-the-justice-probe-of-gold-market-rigging
