Comex Gold opened at the low and closed at the high

Comex Gold opened at the low and closed at the high, and can easily spike up to the 20-day moving average at $801.36. It looks like a screaming buy on the chart, but consider comments from gold traders ahead of the Comex open today - they are disappointed that spot gold was at $772.90/774.10 at 6:22 am EDT, up $9.45 from Friday's nominal close in New York but off session highs of $784.90. “’With the kind of turmoil we have had at Lehmans, you would think there would have been a bit more of a boost,’ said Standard Chartered analyst Daniel Smith.”

Bye For Now

Barbara Rockefeller