Quick Update

Gold opened with a gap down filled it, made a new high then closed near the day low. The futures volume was low and most of the volume was coming on the down side. From my experience days like this are short term tops candidates (more often then not). Silver was doing better but bumped into short term resistance at spot 13.85$, USD Index trying to rally, Crude Oil down, XAU & HUI unchanged.


CBOT GOLD ZGM7, (enlarge for better view)