this was ed steer's view of the bizarre trading from sunday night/monday:

Both gold and silver launched vertically the moment that the Globex trading system opened for business in the Far East on Monday morning. It's obvious by looking at any 24-hour gold and silver chart that the boyz were ready for it...and were on the attack immediately. Every rally attempt was hit before it could fully find its feet. Gold was not allowed over $784...and shortly after the LBMA opened, even stronger selling pressure showed up. It was cap, cap, cap...all day long.

With gold up $20+ yesterday, one would have expected the HUI to have been up as well...as it was up big on Friday. Didn't happen...or wasn't allowed to happen. It's also possible that there was a lot of mutual fund selling yesterday. If that was the case, then why wasn't it happening on Friday as well? Just asking.

Silver received special treatment. Its price peaked at about $11.20 at the Hong Kong open (Sunday night in North America)...and at the silver fix in London (7:00 a.m. New York time/12:00 noon in London)...the price was crushed for an additional 45 cents in half an hour. A lot of the freshly placed Comex longs from last week got blown out on that spike down. The boyz are desperate to get out from under their silver shorts.

Based on the devastating financial news over the weekend, silver should have been up $5...and gold up $150...but that wasn't allowed to happen.

http://caseyresearch.com/displayDrp....