Re: Gold
This gold rally is predicated on staying above the 500-510 price area on a closing basis. It looks like it will deliver on that pretty easily. It hit $540 in Asia on Monday.
When price gets higher than a historical significant top, all the miserable people (holding at a loss) are gone, having sold "too get even", and most all new and remaining holders are anticipating higher prices.
Many traders buy after price closed above 500-510 for this very reason.
A close below 500-510 would likely be bad news for gold short-term.
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