Gold & Silver Daily: World’s Central Banks Meet in Secret in Australia – Feb 09, 2010

World's Central Banks Meet in Secret in Australia Gold didn't do much in Monday trading anywhere in the world. There was a peak in the price [around $1,075 spot] at 4:00 a.m. New York time, when the dollar was at one of its lows of the day... but it was basically all down hill from there, right into the New York close at 5:15 p.m. yesterday afternoon. The low of the day [$1,059.90 spot] occurred during New York trading at some point. Silver's high of the day [around $15.28 spot] was also at 4:00 a.m. Eastern time. Then it got smacked for about 30 cents at the Comex open in New York... got it all back by 12:45 p.m... but lost it all by the New York close. Silver's low of the day [$14.92 spot] occurred shortly before 9:00 a.m. in New York trading. I wouldn't read a lot into the action of either metal yesterday. Most of it had to do with what the U.S. dollar was doing... or it was least made to appear that way. Of course, the precious metals stocks rolled over...