"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, January 12, 2011

Gold This Morning: Snow Day --Jonathan

Overnight turnover was modestly active with the bias looking better until the regularly scheduled early morning sellers leaned like butchers with their thumb on the scale. The facts remain benign as GSR, open interest, and RSI are essentially unchanged and couple this with continuing low volatility for options and it's like, 'who cares?'.  http://www.biiwii.blogspot.com