Gold did practically nothing from the time Globex trading opened in the Far East on Thursday morning, until noon in London [7:00 a.m. in New York]. From there, and until about a half hour after the Comex open, gold tacked on about $12 in two quick spikes.

However, what little gains there were, evaporated by the close of New York electronic trading at 5:15 p.m. yesterday afternoon.

Silver didn’t show much activity until 3:00 p.m. in Hong Kong yesterday afternoon. From there, it was an eleven-hour battle for it to add about 35 cents to the price…with the peak coming during lunch time in New York. From there it got sold off hard…and in the next four hours all these gains disappeared as well. One might have thought that there was some sort of prize for