Sorry for the late posting this morning... All my trader friends are bullish. I would prefer to pay $1,630 for gold, than pay $1,610. Euphoria has ebbed from yesterday. The better economic numbers yesterday were much more bullish for secondary metals, in terms of percentage gains than for gold. How does Europe avoid a recession? How does China not slow down, with 40% of its exports going to Europe? How does the US prosper when CEO's wont make decisions because of the uncertainty in Washington? Hard to step in front of a bullish train in the markets, but cant seem to get too excited about buying a ticket for the ride. Still a traders market, until, IF, gold leaves the $1,630 station.
