Gold Slides As Equities Plunge Again
Doug Casey (November 18th, 2008) Writes:
Gold declined slowly between the London and New York opens on Monday, plunged in the first hour of Comex trading, rallied back to where it started by early afternoon, but then reversed direction again, from there to late Globex trading, finally finishing the volatile day at $736.10, down $6.20. Overnight, gold is little changed.
Platinum blasted to $858 in Hong Kong, but that was decisively that, as it fell sharply into the New York open, then traded sideways to end at $802/oz., down $31. Overnight, platinum has edged higher.
Silver got onto the same rollercoaster as gold, pushing as high as $9.65, then falling nearly 40 cents, clawing back up to $9.45, but finally pulling back again to close at $9.23/oz., down 24 cents. Overnight, silver is trending higher. (Click here for charts)
It was another disappointing day for the precious metals, especially gold as it failed to generate any
...cent;, Chicago, contrarian profits, Frank Lesh;, Frank McGhee, FuturePath Trading;, Hong Kong, Integrated Brokerage Services, Jeffrey Nichols, London, Market Commentary, New York, Oil, UBS, USD


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
