Friday’s COT Report: A WTF Moment For the Ages? - Ed Steer
December 14, 2017
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM
The gold price
was up a dollar or so in Far East trading on their Friday, but was turned lower
once London opened. That tiny downturn lasted until at, or shortly after,
the 10:30 a.m. GMT morning gold fix in London — and the price began to tick
higher from that point. The big price slam that I was expecting on the
release of the jobs numbers never materialized, but the volume between 8:30 and
10:00 a.m. in New York yesterday was amazing. That tiny rally in gold was
capped and turned lower starting around 9:40 a.m. EST. That tiny sell-off
precisely 1:30 p.m….which was the COMEX close. That tick
is not visible on the Kitco chart below, but stands out clearly on the New York
Spot [bid] chart. From that juncture the price began to creep higherRead More
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