Gold Stubs Swiss National Bank’s Toe, and the Financial Times Says ‘Ouch!’
by Ed Steer
Ed Steer’s Gold & Silver Daily, Casey Research
Yesterday In Gold & Silver
The gold price got sold down a few dollars starting at the 6 p.m. EDT open in New York on Monday evening—and from there it traded sideways in a very tight range, but began to rally once the noon London silver fix was done for the day. ‘Da boyz’ put an end to that at the 8:20 a.m. EDT Comex open fifty minutes later—and it was all down hill into the close.
The lows and highs aren’t worth mentioning.
Gold finished the Tuesday session in New York at $1,232.20 spot, down $4.90 from Monday. Net volume was reasonably light at 111,000 contracts, a few thousand contracts less than Monday’s volume.
Continue Reading at CaseyResearch.com…
Source: http://financialsurvivalnetwork.com/2014/10/gold-stubs-swiss-national-banks-toe-and-the-financial-times-says-ouch/?utm_source=rss&utm_medium=rss&utm_campaign=gold-stubs-swiss-national-banks-toe-and-the-financial-times-says-ouch
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