All was calm in Far East trading on Friday morning. Both metals began to slip a little starting at 3:00 p.m. on Friday afternoon in Hong Kong. This lasted through London trading as well…and by the time the Comex opened, gold was down $10 and silver had slid about 23 cents. But once trading started in New York, both gold and silver rallied strongly…but it should be noted that gold ‘ran out of gas’ just before $940 once again. However, silver did better…adding a bit over 30 cents before it, too, ran into ‘resistance’…but managed to close almost on its high of the day.

There wasn’t big volume yesterday, so not too much should be read into this action…but it’s always noteworthy so see that parabolic rises in prices are never allowed to get too far out of hand before the usual ‘not for profit’ sellers show up.

Despite the fact that