Today: Gold futures are trading steady this morning in the low 1160’s
again, and are still in sellstalk mode. The price depreciation does seem
to have subsided, and this will bring the sellstalk shut off that much closer
to the surface, however yesterday was unable to even get above the
1165.5 mark, and today started toward there, but has begun once again
to fade lower. This market has concerns and for good reason, because
as we have been saying, it is a crowded boat load of longs in this thing.

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