23 March 2012

Gold Daily And Silver Weekly Charts - HFT Distorts Commodity Prices

At the close there was breaking news regarding an email at MF Global identifying Jon Corzine as having ordered the customer funds transferred to meet a margin call. There is a more complete discussion and story of that topic above.

Gold and silver bounced back today, but they still finished up below key resistance. We'll have to see if they can continue to gain their footing and move higher next week.

Report Reuters UK: High Frequency Trading Distorts Commodity Prices