short squeeze?low volume meltup on CAN this morning. looks like a few guys got caught with their pants down. turn around isn't confirmed until we get some volume.
gold bounced nicely off $1325 and appears to be bottoming (?), but this sort of action has occurred numerous times in recent days. just when it looks like the bottom is in, the usual cast of characters comes back and whacks it down another $20 or so. with the recent selloff in the USD, the mini crash in precious metals is bizarre to say the least.