Friday, November 24, 2006

December CBOT Gold

Gold ran into a brick wall at the $640 level, but the retreat from that mark has been modest with gold holding on to a gain of over $9. Our contingent sell order is pegged at $634/oz to lock in gains if the price fizzles, but I expect that we'll end up holding the CBOT December contracts through the weekend given today's strong price action and volume.

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