Tuesday morning trading in the Far East saw a slowly rising gold price until the dollar caught a bid on the euro’s woes… and from there, gold went into a long, slow slide to its low of the day [$1,145.40 spot] a few minutes after 9:00 a.m. in New York. Then gold headed higher with a vengeance until minutes after London closed for the day… and from there, gold basically traded sideways until shortly after 2:00 p.m. in electronic trading, when another rally erupted taking gold to it’s high of the day at $1,173.80 spot.. Then, either the selling stopped, or a big seller showed up to take five bucks off that price into the close of New York trading at 5:15 p.m. This was an eye-opening performance for gold on options expiry… and May isn’t even a delivery month. Volume was extremely heavy. ed-steers-gold-silver-daily1.