just, page-6

Comex Gold Rebounds, Hits Fresh All-Time Record High

28 September 2010, 10:34 a.m.
By Jim Wyckoff
Of Kitco News
www.kitco.com

Comex gold futures on Tuesday morning hit a fresh all-time record high of $1304.60, basis December futures, as of this writing. Bargain-hunting buying interest once again surfaced at lower price levels and has propelled the gold market higher. A weakening U.S. dollar index is providing a booster for the gold market bulls. Technically, December gold futures are showing a big and bulllish "outside day up" on the daily bar chart Tuesday, whereby the high is higher and the low is lower than the previous session's trading range, with a higher last trade. December gold last traded up $5.50 an ounce at $1304.10.

By Jim Wyckoff, contributing to Kitco News; [email protected]




http://www.kitco.com/reports/KitcoNewsSeptember282010_update.html