Gold Daily: 'Suffering from Benign Neglect'
Tape Watching
via George Gero
Gold is suffering from inattention by asset allocators now
- Gold off with higher dollar index and much FED speak yesterday,
- Some players see lesser physical business as even coin sales at the mint have rally slowed,
- Continued strong stock market interest and long dated bond buying, .
- Open interest off again with lower price at 417145,options 973,489,
- Some liquidation but not much as Euro Zone uncertainties over coming elections, North Korea etc underpin
- Upcoming US political and budget debates leading to potential government shut down are on the horizon.
Gold Daily
Soren K Group
interactive chart HERE
Good Luck
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