Gold fell back in overnight trading but has popped up ever so slightly this morning. Technical analysts will point to the fact that for the first time in three months, gold has closed lower for three successive sessions. The two week hourly chart below shows the pull back since peaking over the $1200 level.

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Gold & Silver

METALLEVELCHANGE
GOLD$1,134.60+$8.50
SILVER$17.64+$0.03
   


Market News

  - We are now nearly $100 off the recent highs, and are now at three week lows
  - SPDR holding s fell by 1.2% yesterday, the largest one day drop in five months

Major Economic News

TIMEMARKET DATA
1500US wholesale inventories