The gold price chopped sideways to down a bit in Far East and very early London trading -- and the low tick, such as it was, came a few minutes after the London open. From the point, it began to head unsteadily higher, but obviously ran into 'something' at, or shortly after, the morning gold fix in London. It chopped very unsteadily higher from there until the afternoon gold fix -- and then was sold a bit lower until noon in New York. It traded sideways from there until shortly before 3 p.m. in the thinly-traded after-hours market -- and it popped a few dollars into the close from there.

The low and high ticks certainly aren't worth looking up.

Gold was closed in New York on Friday afternoon at $1,202.70 spot, up $3.00 from Thursday -- and about a dollar below its 50-day moving average. It did trade above it for a while on Friday, but was hauled down below it once the afternoon gold fix was put to bed. Net HFT gold volume was 241,500 contracts -- and there was a bit under 14,500 contracts worth of roll-over/switch volume on top of that.

The price activity in silver was very similar...including the times of the low and high price ticks, so I shan't spend any more time on it.

The low and high ticks in this precious metal were reported by the CME Group as $14.54 and $14.75 in the December contract.

Silver finished the Friday session in New York at $14.63 spot, up 6 cents on the day. Like gold, it too traded above its 50-day moving average yesterday for a while, but was carefully hauled down and closed below it by a nickel. Net HFT silver volume was 56,300 contracts -- and there was 5,840 contracts worth of roll-over/switch volume in this precious metal.