Wednesday, September 4, 2013

Moment of Truth for Gold Futures

The front futures are down $17.30 at $1394.70. If they should trade through the clusters around $1370 (the Sept. 2 $1384 was on holiday volume and doesn't really matter) the $1350 that rejected us on the way up is the line in the sand.
From FinViz:


See also yesterday's "Okay Class: Gold and the 10-year Yield are Both Up, Which One Wins?".
The 10-year yield is up another .01 at 2.86%