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And Then There’s This…Thursday, March 05th, 2009
Doug Casey (March 5th, 2009) Writes:
Gold didn’t do a whole heck of a lot in the Far East yesterday. A smallish rally into the London a.m. fix [5:30 a.m. in N.Y.] got smacked, but managed to gain that back and a bit more by 9:00 a.m. on the Comex in New York. Then the usual not-for-profit seller[s] showed up, and that was it for the day. The low came in after-hours electronic trading…shortly after the Comex trading pits closed. After that, it managed to tack on a few bucks before Globex trading closed in New York at 5:15 p.m.
Volume was so-so. Only 99,266 contracts were estimated to have traded, including a switch effect of 8,734 contracts.
;)
click to enlarge
Silver’s action yesterday was similar to gold’s…with the exception that the ‘low’ for yesterday [such as it was] occurred in early morning trading in
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