This Good Friday, 11.30 pm. Sydney time, the monthly US employment figures will be released.
While the US stock market is closed, banks are open and the bond markets are open, so on such a thin trading day one would expect that Comex will also be open. Gold can make a sharp move in thin trading!!
So what are the odds the Gold Cartel allows gold to have a controlled rise till Friday? Then on Friday, after the employment figures are released, no matter whether the employment figures are better or worse than expectations, snub their noses at the CFTC and get on with the normal monthly drill - which will be easy in thin Good Friday trading - so in one fell swoop smash gold and wipe out all the week's gains.
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- gold to keep rising till friday ...
gold to keep rising till friday ...
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