GOLD $2,043In the past 24 hours sellers and shorts have tried to take it down but just keeps rebounding. Possibly a future gold standard Yaun backed by gold assets ?
IMHO, IAU should be trading north of $2.50 easily based on Gold and Silver prices. The next NR May just be the catalyst.
10 yr bond continues to rally (lower yield) now at 4.34%, 4.00 to 4.10% is the short tterm target. All things being equal that will put the Jan contract at $2,090 to $2110.