Gold futures are up $19 at the moment, and tomorrow is the first
notice day for Dec gold. Yesterday's steep sell-off was a cartel's
attempt to reduce longs and to drop a price paid for deliveries.
Likely, a temporary bottom is in, as longs for delivery are very
attractive at these prices.
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Gold futures are up $19
Posted by junkie on 26th of Nov 2024 at 08:28 am
Gold futures are up $19 at the moment, and tomorrow is the first notice day for Dec gold. Yesterday's steep sell-off was a cartel's attempt to reduce longs and to drop a price paid for deliveries. Likely, a temporary bottom is in, as longs for delivery are very attractive at these prices.