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NEW YORK (TheStreet) —
The gold price traded pretty flat in the Far East on their Tuesday but rallied a bit the moment that London opened. The rally got capped at that point, as the volume really blew out—and as I feared in my comments in The Wrap in yesterday's column, JPMorgan et al weren't going to let the price do much for the rest of the day, and they didn't. Once Comex trading closed at 1:30 p.m. EDT yesterday, there was someone standing at the ready to bleed off most of the day's meager gains.
The low and high ticks, such as they were, were recorded by the CME Group as $1,203.00 and $1,214.10 in the December contract.
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