Morning Outlook form the Trade Desk 04/12/12/ or 12/04/12

Discussion in 'Gold' started by metalsmtl, Apr 12, 2012.

  1. metalsmtl

    metalsmtl New Member

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    Late Post... drafted originally about 7am ET

    Equities and oil up again today with moderate presuure on the US$ should keep metals in tight range. If gold were to break above the $1,662 level, at quick move into the mid seventies may occur.

    Europe still in play, ADP report and inflation numbers will all influence. The market is very susceptible to quick and potentially large moves on small headlines. Traders will refer to this as an excuse market.
     

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