After a roller-coaster week in which gold futures scaled a cliff only to fall off, the Friday high and low so far are both within Thursday™s trading range. This is referred to an œinside day on the daily charts and a sign of market indecision about the next short-term move.
Wall Street participants in the weekly Kitco News gold survey are in fact conflicted on where the metal will head this week. The largest camp “ by a small margin “ said lower, but garnered less than 50% of the vote.
In the Main Street survey, no voting bloc got 50% either, although this poll leaned...