I don't know the schedule of how Comex Dec
deliveries are made and when they should start
affecting the future's prices, but they will.
I am guessing that gold was pushed down this
afternoon and evening in anticipation of the opening
at Comex tomorrow and the news of how many actual
deliveries of Dec contracts will occur.
I expected a little more pull back in gold after it rallied
from this evening's low at 80860, but that only means
STRENGTH.
Volumes are still very light, so it's hard to get a grasp on
the strength of any up moves as gold could get knocked down
at any moment.
Euro is moving up VERY gradually. Not enough to make gold
jump up fast.
Dollar is slipping down gradually too. Both good for gold.
Things might start moving more vigorously after midnight PST.
I'm hitting the sack now, to be able to check the markets in the
wee hours and not pass out in the morning.
