Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, May 6, 2009
TREND LINES REDRAWN, GOLD MOVING A BIT HIGHER INTO THE CRIMEX CLOSE
The red selloff line is right on top of the blue vertical line that indicates the 10:30am pdst Crimex close time. 410 contracts sold off right at 10:30 and 10:31am pdst (152 of them at 10:30)
Gold sells off right after the close (see chart above)
