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Tuesday, May 12: Today in Gold and Silver

NEW YORK (TheStreet) — Gold’s weak rally attempt at the open of trading in New York on Sunday evening wasn’t allowed to get far—and by the London open the price was down six bucks.  The price crawled higher into the noon London silver fix—and then rallied until a few minutes before the COMEX open.  JPMorgan et al, along with the HFT buddies, did the dirty the moment that London closed

Kuwait seeks arbitration in oil row with Saudi: report

Kuwait has requested arbitration in a dispute with Saudi Arabia over shared oil production from the neutral zone between the Gulf neighbours which has completely halted, a newspaper reported Tuesday. It said that Kuwait has now requested international arbitration but that the terms of the treaty stipulate that can only happen with Saudi Arabia’s agreement. The dispute has seen production from the zone completely halted in a blow to Kuwait,