NEW YORK ( TheStreet) -- The gold price chopped lower in Far East trading until 1:30 p.m. on their Thursday morning. The ensuing rally got rolled over at 11:00 a.m. GMT---and was sold down until shortly before noon in New York. Another rally commenced at that point---and that one lasted until around 3:30 p.m. EST, before chopping a few dollars lower in the the 5:15 p.m. electronic close. The low and high ticks were reported as $1,176.20 and $1,196.60 in the December contract. Gold finished the Thursday session at $1,194.50 spot, up $11.40 from Wednesday's close. Net volume, although significantly lower than Wednesday's volume, was pretty decent at around 147,000 contracts. Silver had a familiar pattern---getting sold down to its low tick of the day in morning trading in the Far East---and then rallying to is 11 a.m. GMT high in London. From that point it got sold down pretty hard until the Comex open---and then it flopped and chopped around with a positive bias for most of the rest of the Thursday trading session in New York. The low and high were recorded by the CME Group as $15.955 and $16.32 in the December contract. Silver closed in New York yesterday at $16.25 spot, up 12 cents from Wednesday. Net volume was 29,500 contracts, or thereabouts. Platinum and palladium had similar charts to gold. Their respective lows were in morning trading in the Far East---and they both chopped quietly higher until mid-afternoon in New York---and then didn't do much after that. Platinum closed up 17 bucks---and palladium was up 6 dollars. Here are the charts. The dollar index closed in New York late on Wednesday afternoon at 87.69---and worked its way up to its 87.92 high shortly before 9 a.m. in London. From there it got sold down to its 87.51 low tick at 9:30 a.m. EST. Then it rallied [in very volatile trading] for the remainder of the day, closing in New York at 87.70, which was basically unchanged from Wednesday's close. The intraday price swings in the dollar index are starting to get pretty wild, with the Thursday session being very much a continuation of what went on, on Wednesday. Here's the 5-day chart to put my comments into some sort of 'historical' perspective---and it's price action one wouldn't hope to see in a reserve currency, let alone the world's major reserve currency. The gold stocks gapped up about 3 percent at the open before sagging a bit into the New York lunch hour. From there they rallied anew before getting sold down a bit in the last thirty minutes of the Thursday trading session. HUI finished the day up 2.37 percent. The silver stock followed a similar path, but rallied far more substantially during the latter part of the trading day before they too got sold off a bit heading into the close. Nick Laird's Intraday Silver Sentiment Index closed up 2.65%. The CME Daily Delivery Report showed that 16 gold and zero silver contracts were posted for delivery within the Comex-approved depositories on Monday. The CME Preliminary Report for the Thursday trading session showed that gold open interest in November remained unchanged at 28 contracts---minus the 16 contracts in the previous paragraph, of course---and silver's November o.i. has remained unchanged all week at 88 contracts. I suppose that there's still a possible delivery surprise coming out of left field between now and next Friday, but from this data it's obvious that the November delivery month will close out quietly as we approach first notice day for the December delivery month. There were no reported changes in GLD---and as of 9:33 p.m. EST yesterday evening, there were no reported changes in SLV, either. Since yesterday was Thursday, Joshua Gibbons, the " Guru of the SLV Bar List," updated his website with the goings-on inside SLV as provided by the iShares.com Internet site at the close of business on Wednesday---and here is what he had to say--- "Analysis of the 19 November 2014 bar list, and comparison to the previous week's list: 3,450,391.8 oz were added (all to Brinks London). No bars were removed or had a serial number change. The bars added were from Korea Zinc (0.8M oz), Krasnoyarsk (0.8M oz), Kazakhmys (0.5M oz), KGHM (0.4M oz), and 18 others. 97% of the bars were never in SLV before (although some were dated 2012/2013). The overallocation cannot be calculated, as part of one deposit was not completed reflected on the bar list, as there is about 957,379 oz of Tuesday's 2.4M oz deposit that is not yet reflected on the bar list." The link to Joshua's website is here. The U.S. Mint had a smallish sales report yesterday. They sold 1,000 gold eagles---500 one-ounce 24K gold buffaloes---and 25,000 silver eagles. There's a story posted in the Critical Read section about the current silver eagles sales from the U.S. Mint. It's headlined " Eagle sales November 17 to satisfy voracious investor demand"---and you can just click on the headline if you want to read it now. There was no gold or silver received at the Comex-approved depositories on Wednesday, but decent amount of both metals were reported shipped out. In gold, there was 48,225 troy ounces removed from the Scotiabank warehouse---and the link to that activity is here. And in silver there was 630,404 troy ounces withdrawn, most of which came from the CNT Depository---and the link to that action is here. Well, The Central Bank of the Russian Federation updated their website with their October data yesterday as I said they would. However, I was rather underwhelmed by the number of ounces of gold that they bought for their reserves during that period---only 600,000---as their governor said that they had purchased 150 tonnes of gold for their reserves so far this year. Nick added it all up year-to-date---and I checked it myself as well---and it only comes to 133.5 tonnes. As I mentioned in yesterday's column, they had to add 1.2 million ounces to get to the 150 tonne number, which they obviously didn't. But the figures are what they are---and here's Nick's excellent chart. I have a fair number of stories for you again---and I'll let you play the part of the editor once again.
This is an abbreviated version of Dutch Bring 120 Tonnes of Gold Back to Amsterdam From New York, from Ed Steer's Gold & Silver Daily. Sign-up to have to the complete market review delivered to your email inbox each morning for free.