NEW YORK ( TheStreet) -- The gold price didn't do much until about 1:30 p.m. Hong Kong time on their Wednesday afternoon. From there the price declined into the London a.m. gold fix. It rallied a hair from there until "da boyz" showed up minutes before 12:30 p.m. EDT---and in short order they'd peeled another ten spot off the price. The price rallied a bit until 2 p.m. EDT---and then didn't do a lot after that. Gold finished the Wednesday session in New York at $1,185.00 spot, down $7.70 from Tuesday's close. Net volume, which was almost all of the HFT variety, was around 118,000 contracts. The high and low ticks were reported by the CME Group as $1,195.60 and $1,179.10 in the August contract. Here's the 5-minute tick gold chart from yesterday, courtesy of reader Brad Robertson---and you can see the big volume spike associated with the engineered price decline during the New York lunch hour yesterday. Midnight EDT is the dark gray vertical line---and you have to add two hours for EDT, as this chart is scaled for MDT. The ' click to enlarge' feature really helps as well. The silver price was pretty comatose up until around 1:30 p.m. Hong Kong time on their Wednesday afternoon as well. At that point it developed a negative bias---and that culminated in a down/up move courtesy of the HFT boyz during the New York lunch hour, the same as gold. From its low at 12:45 p.m. EDT, the silver price rallied quietly until around 3:30 p.m., before getting sold down a hair into the close of electronic trading.