The Phaserl


Russian Oil Executive Sneaks Gold Market Rigging Into the Financial Times

by Ed Steer, Casey Research:

With the U.S. markets closed for President’s Day on Monday, there wasn’t much activity in the precious metal market anywhere on Planet Earth—and the only reason for my column today is the plethora of stories that I’ve been accumulating all weekend.

The gold price rallied in fits and starts right from the open of trading at 6:00 p.m. EST on Sunday evening—and the rally ended, as it usually does, shortly before London opened on their Monday morning. From there the price chopped lower, with trading ending minutes after 5:00 p.m. GMT in London.

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