We are already in the “silly season” and what I mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
I've had a number requests to do a video on gold, so here it is. As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.
I strongly recommend that if you're not in gold, to wait until we see more interest and activity coming into 2010.
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Enjoy the video and let us know what you think on our blog.
All the best,