by Ed Steer, Silver Seek:
Gold’s initial choppy rally in early Globex trading ended minutes after 10 a.m. in Shanghai — and it then chopped sideways until shortly before London opened. It was then forced to chop lower until the COMEX open in New York. Its rally attempt from that point was capped at the 10 a.m. EDT afternoon gold fix in London — and it was then engineered lower in price until minutes before 12 o’clock noon EDT. From there it had a broad and slightly ascending up/down move centered around 2 p.m. in after-hours trading — and ending when the market closed at 5:00 p.m. EDT.
The ZiG should be trading at around 15 to the greenback, rather than the official rate of about 25, Reserve Bank chief John Mushayavanhu has said