key, "Investors are exiting the gold market on speculation that signs of sustained U.S. economic growth will push the Federal Reserve closer to raising interest rates, cutting demand for bullion as an inflation hedge."
Gold is/has been a hedge against inflation. I don't understand the above.
Also there are still ~120K more long positions than short.
There's fighting in Tripoli at the moment and Libya runs with two parliaments! The recent first oil shipment just might be the last for quite some time.
I think that interest rates in the US won't rise next year as the employment is just too weak and the housing market is too fickle. Having said that you can expect a rise I guess. There is every reason to believe that inflation won't cause gold to rise.
Anyway who cares., the Chicago futures exchange is having a digital dummy spit this morning.
