NEW YORK ( TheStreet ) -- Gold rallied a bit in early Far East trading, but then got sold back down to the $1,200 spot mark just before 1 p.m. Hong Kong time. From there it rallied to its noon high tick in London---and "da boyz" showed up at the London p.m. fix. The subsequent rally that began thirty minutes later got capped shortly after 2 p.m. EDT in electronic trading---and despite the fact that the dollar index got crushed, JPMorgan et al managed to finish gold down on the day---and back below $1,200 spot.

The high and low ticks were recorded by the CME Group as $1,208.80 and $1,194.30 in the June contract.

Gold finished the Thursday session in New York at $1,197.80 spot, down $3.70 from Wednesday's close. Net volume was pretty decent at 146,000 contracts.

Once again the silver chart was a virtual carbon copy of the gold chart, except the HFT boyz really did a number on the price at the London p.m. gold fix---and managed to close it down on the day as well.

The high and low tick in that precious metals was reported as $16.475 and $16.10 in the May contract.

Silver closed yesterday at $16.265 spot, down 4 cents from Wednesday's close. Net volume was 34,500 contracts, about 50 percent more than Wednesday's volume, as it took that much firepower to first of all kill the rally, then drive it to its low tick of the day.

It was more or less the same story in platinum, with the high tick coming shortly before the COMEX open. Then the HFT boyz did their thing at the London p.m. gold fix, like they did in gold and silver---and that, as they say, was that. Platinum was closed down two dollars on the day at $1,158 spot.

The palladium price did precisely nothing until 1 p.m. in Zurich---and then it began to rally, but wasn't allowed above the $780 spot price mark, but did manage to close up 11 bucks on the day at $779 spot.

The dollar index closed late on Wednesday afternoon in New York at 98.40---and traded flat until it fell off a 50 plus basis points cliff at 8 a.m. Hong Kong time. It then rallied more or less in a straight line until 10 a.m. BST---and from there began to head lower, with the 97.33 low tick coming around 1:45 p.m. EDT, which was fifteen minutes after the COMEX close. It rallied back about 30 basis points from there, before trading sideways for the remainder of the day. The dollar index closed the Thursday session at 97.69---down 71 basis points from Wednesday's close.

You should carefully note that there was virtually no reaction in gold allowed at 8 a.m. Hong Kong time when the dollar index got clocked for 50 basis points---and nothing was going on in the currencies at the 10 a.m. EDT London p.m. fix when gold, silver and platinum got smacked down. The cause of all this was paper trading on the COMEX.

The gold stocks followed the gold price like a shadow all day yesterday. They opened in positive territory, but once the powers-that-be stepped into the precious metal market at the London p.m. gold fix, down went the share prices to their lows of the day at 10:30 a.m., although they did make it back into positive territory briefly before the price got turned lower once again shortly after 2 p.m. in New York. The HUI closed down 1.12 percent.

The silver equities started off in positive territory as well, but when they turned negative, they never got a sniff of positive territory after that, with their low ticks coming minutes after 1 p.m. EDT. There was a rally into the secondary high minutes after 2 p.m., but it was rather anemic. The shares got sold down from there---and closed close to their lows.

On a 4 cent drop in price, Nick Laird's Intraday Silver Sentiment Index closed down 2.29 percent, giving back virtually all of Wednesday gains.

The CMEshowed that 1 gold and zero silver contracts were posted for delivery within the COMEX-approved depositories on Monday.

The CMEfor the Thursday trading session showed that gold open interest in April dropped by 319 contracts, which was no surprise considering the fact that the 334 contracts issued yesterday, will be delivered today. The current gold o.i. for April now sits at 1,827 contracts. Silver open interest for April rose 2 contracts to 172.

We've had two big delivery days in gold so far in April---and the dates were quite some distance apart. I'm wondering out loud at this point how many more days will pass before the remaining short/issuers step up to the plate with the next tranche---and how much of that will end up in JPMorgan's vault for its own account.

So we wait.

There were no reported changes inyesterday---and as of 9:53 p.m. EDT yesterday evening, there were no reported changes in, either.

I got ahead of myself in Thursday's column and posted' changes to thefrom the prior week by mistake. I discovered my error late yesterday morning---and had the offending paragraphs removed---and here are the correct ones for the internal goings-on at SLV as posted at the iShares.com Internet site yesterday, for the week ending at the close of business on Wednesday.

"Analysis of the 15 April 2015 bar list, and comparison to the previous week's list. 3,059,139.7troy ounces were added (all to Brinks London), no bars were removed or had serial number changes."

"The bars added were from: Solar Applied Materials (1.7M oz), Kazakhmys (0.6M oz), KGHM (0.3M oz), and 15 others."

"As of the time that the bar list was produced, it was overallocated 11.2 oz. All daily changes are reflected on the bar list."

For the second day in a row there was no sales report from the

There was noreported received at theon Wednesday, but 50,052 troy ounces were shipped out the door---and almost all of it came from the vaults of Canada's Scotiabank. The link to that activity is

In, there was another 1,191,275 troy ounces received---and it should come as absolutely no surprise to anyone that it went straight into JPMorgan's vault. That should just about complete the 7.5 million ounces that they had coming as the result of the March delivery month. There were 40,076 troy ounces shipped out---and the link to the silver action is

And just for general interest sake, JPMorgan is now sitting on 54.51 million troy ounces of silver in their COMEX-approved depository in New York. Here's the updated chart as of Wednesday---and as I said last week, they opened their silver warehouse for business just two days before the May 1 drive-by shooting that they themselves orchestrated.

Thealso had some movement. It was at the Brink's, Inc. depository once again, as they reported receiving 100 kilobars---and shipped out 3,125 of them. The link to the troy ounces numbers are

Central Gold Trust

The other day I was talking about the ongoing raid againstby Cayman Island-based hedge fund, North Pole Capital Master Fund. Here's aon it that came out yesterday morning. If you are a shareholder in this ETF, it's a

I don't have all that many stories again today---and I'll leave the final edit in your hands.