Gold moving higher in 10 cent increments on
very light volume
A quick jolt of 444 contracts on the last minute
of the day session went nowhere.
No gold is inching higher on very light volume,
with some quick sell offs. Basically going nowhere
right now. It could easily inch higher until the
afternoon close for the week end, or even zoom
to a new high depending on other markets and
how they trade from here. The Dow and Dollar
are the ones to watch, although the Dow seems
to be having the largest effect lately. Right now
Dow is off 120 near the lows of the day. Dollar is
going sideways around .8851. The other markets
are not showing in major directional moves at this
time. The Dow may sell off further near its close.
Any rallies should be temporary opportunities to
short the Dow.
