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NEW YORK (TheStreet) —
Note: I'm going on vacation. This is my last column until the morning of Friday, January 16.
The tiny rally in gold at the 6 p.m. open on Thursday evening in New York wasn't allowed to get far—and from there it traded sideways until the London a.m. gold fix. At that point it got sold down a bit—and then a lot more starting around 12:30 p.m. GMT in London. The low of the day came at, or shortly after, the 8:20 a.m. COMEX open. Gold rallied quietly from there, but really began to head higher once the London p.m. gold fix was put to bed, with the price going vertical around 10:35 a.m. in New York. After getting capped minutes later, the price chopped mostly lower until around 2 p.m. when it rallied quietly but steadily into the 5:15 p.m. close of electronic trading.
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