@mirren I expect comex paper gold to sell down to support around...

@mirren

I expect comex paper gold to sell down to support around 1240-1250 from the December 2017 low.

Then the bounce needs to clear all the congestion of recent weeks around 1300 and seasonality will support that task.

Whether the USD will begin to sell off to help the gold price rally remains to be seen. 95 was always the Rubicon for me on this USD upswing and it is now being tested. The weakness late this week was just consolidation imho and 95 will be broken next week while, inversely, comex gold slips to 1250-ish.

Interestingly, unlike paper, gold bullion is in high demand. The refiners are 2 months behind demand.

You may have played rock-scissors-paper at some time in your life. Rock smashes scissors. Scissors cut paper. Paper covers rock. That's comex. The bullion banks love that game.

Generally, I remain under the radar. Ongoing body maintenance!