Following the biggest drop in almost five months, Gold has bounced hard off its 100DMA as it goes vertical – rising the most in two months. Breaking back above $1700, we can only speculate that this cross-asset class ramp is due to rumors that Bernanke is currently in the lead in Ohio… Spot Gold $1715 as we post…
Since the US equity day session, gold has gone parabolic – we suspect in order to lever stocks up to their pre-NFP levels as the correlation-drivers have been very active…
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