by Ed Steer, Casey Research:
NOTE: With the U.S. markets closed on Monday, I probably won`t have a column on Tuesday…unless the precious metal markets blow sky-high during Far East and London trading in the interim.
Friday turned out to be a ‘nothing’ sort of day in all markets on Planet Earth…and both tiny rallies in gold got sold off the moment that they hinted that they might encroach on the $1,400 spot price mark. Gold close at $1,386.30 spot…down $5.20 on the day. Net volume was only 94,000 contracts, which was very light.
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