Sometimes there is not much worth commenting on concerning market action and today is one of those days.
Uncertainty over European financial woes is keeping a firm bid in gold with Euro-gold above the 1300 euro level.
Tuesday, November 15, 2011
Gold marking time - rangebound trade continues
Gold has been held in check below $1800 with the bulls unable or unwilling to commit enough firepower to run the shorts out of their defensive line erected at that level. Bears on the other hand cannot get anything going to the downside either as buyers are surfacing on dips in price. The result is more of the same - rangebound trade.
Sometimes there is not much worth commenting on concerning market action and today is one of those days.
Uncertainty over European financial woes is keeping a firm bid in gold with Euro-gold above the 1300 euro level.
Sometimes there is not much worth commenting on concerning market action and today is one of those days.
Uncertainty over European financial woes is keeping a firm bid in gold with Euro-gold above the 1300 euro level.
Dan ,
ReplyDeleteSince expirations for gold/silver is next Tuesday--do you see the usual take-down in the metals in order to get the price down.Right now it would cost the cartel billions of dollars if the prices stay at the level they are at now