wHOA- Where's THAT come from?

[JJ.G0ldD0t]

http://www.kitco.com/images/live/gold.gif..

[StackerKen]

Good question.

I wonder if anyone has a theory as to what made that happen.
Im very curious

silver did it too.

quite the little spike

http://www.kitco.com/images/live/silver.gif

[MNeagle]

Maybe this will help explain?

Gold Takes Off On German Fin Min Comments

Submitted by Tyler Durden on 04/23/2010 10:16 -0500

Germany


Did the LBMA Au plunge enforcement team all take a bathroom break at the same time? The catalyst - dollar dumping accelerates as euro surges on German Finance Minister's latest words (not to be confused with his words from an hour ago which contradicted the latest batch), who said that Germany is ready to make it's contribution to the Greek aid facility. A few hundred parliamentarians may beg to differ. The Euro has surged from 1.3290 to 1.3360 in a manner of minutes. Session highs at 1.3375 may be taken out. We feel so sorry for all FX traders who are still alive ever since the Greek episode began. The main observation: gold no longer goes down when USD surges, but surges when dollar dumps.


http://www.zerohedge.com/article/gold-takes-one-german-fin-min-comments?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29

[gunDriller]

the announcement of the "surge" in home sales came out at 11:01 AM in the mainstream media.

http://us.rd.yahoo.com/finance/news/topnews;_ylt=Apisny8.ZeLqycLU81rBYJK7YWsA;_ylu=X3o DMTE1cGE4aTZ2BHBvcwM4BHNlYwN0b3BTdG9yaWVzBHNsawNva WxyaXNlc2FmdGU-/*http://biz.yahoo.com/ap/100423/oil_prices.html?sec=topStories&pos=6&asset=&ccode=

i think some people got the info early, because the rise from the days low of $1135 started about 5 minutes earlier. it took the price of oil with it.

the info about Greek accepting the "aid" offer had been out several hours.

of course, i wasn't there. maybe the inside metal traders just decided to make a quick $20 an ounce on gold today.