Gold started off early morning Far East trading on Wednesday as it usually does lately…going into a slow decline. And, as usual, at 3:00 a.m…shortly before the London open…the price began to rise, this time sharply. But it was all for naught once again, as someone was there to sell gold hard the moment that the London a.m. fix was in. The decline lasted for the rest of the London session…through the Comex open…and only reversed at the close of London trading at 4:00 p.m….11:00 a.m. New York time. However, this attempted rally was not allowed to amount to much, but gold did close the Globex session about eight dollars above its lows.

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Silver was far more volatile. The price rise at the London open was impressive until it, too, ran into the same seller at …