Buying volume is light here. I don't think gold can go higher today asthe shorts will probably pile on here and keep it under 940 today
The only thing pulling gold up is oil and the weak dollar.
But remember the power of the bullion banks to keep the pressure on
gold, especially after a good rise like this morning's rise. Traders should
be very happy with their quick profits from it and willing to stand aside
for now rather than press their luck hoping for a further rise.
