Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Tuesday, March 10, 2009
5:04AM PDST GOLD GETTING SOLD OFF ON THE PULL BACK BEFORE THE CRIMEX OPEN
Gold rally was rising steadily on light volume,
then got hit a couple times just now, but appears
to be recovering. A $3 rise from the bottom was
to much quick profit for some traders, apparently.
But gold is moving right back up as I type.
Gold suddenly drops on 1100 contracts to another low point at 90680 then bounces. Could be shorts trying to manipulate traders' attitudes just before the Crimex open in a f ew minutes. I hope gold rallies big time on the open.