I think you mean Dubai gold is now traded "publically"... why mess with silly COMEX position limits and audits
http://www.dgcx.ae/Products.htm they have their own electronic exchange now to trade a gold futures contract --- why not be the "house" in a big stakes poker game?
is monday the top or the next squeeze higher ? holiday time approaching ... could be some quick movements either way before things quiet down end of the month / yr ... here is a chart for tonight's gold market in japan where it is monday am www.yutaka-shoji.co.jp/english/market/chart/gold.html
Any truth to the rumor that the gold cartel is losing its hold on the price of gold? I think the oil dollars and hedge fund will take this baby to new heights ie oil 05
this has a 1980ish feel to it................ $543 basis March is the .618 fibbo pull up going back to 1980... if it clears that, who knows
dude ... hope that was typo ! FEB is lead month in gold futures but I get your fib drift if tomm is anything like tonight that will be some opening bell on COMEX !
I thought the Canadian dollar is a good proxy for gold. But it's been sideways for the last couple of weeks. Gold should be pushing it higher, no?
I am not so sure the value of gold is going up. The value of currency - lots of currencies - might be going down. Maybe it just appears that the price (exchange rate of gold to dollars) is increasing.