Before the current rally, gold might be down intra-day or in the after mkt session 10 or 12 bucks….then would rally nicely back to nearly unchanged….but would NOT print green…and then drift back down….now, I gotta think, gold can rally 10 or 12, pullback but NOT print red—this is what we have this a,m, Another + factor is nugt and other gold vehicles have nice gains despite the pull back in comex futures….silver continues to be a problem….and its underperformance has been predictive of a coming hit in gold…but this weakness could also be a “hook” to keep bulls who aren’t yet on board off the train and keep shorts hopeful that the rally is topping…for now, surprises should be to the upside for gold…pullbacks bought….gold now up 4.60 as I write
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