Anyway, as I'm typing this, the metals just took a sharp hit. This needs to be monitored.
As we approach the close, watch the $1446 level in gold. See below:
More later, after the close.
1:15 EDT UPDATE:
About a half hour ago, something spooked the crude pit. Whether its actual news or just rumors or peace, love and nirvana, it was enough to prompt a quick selloff in crude.
AND YOU MUST READ THIS:
OIL DROPPING $1.50 DOES NOT CHANGE THIS SITUATION!
More later. If trading, don't stray too far this afternoon. TF
1:30 EDT UPDATE:
As expected, Blythe has sent out the monkeys to try to capitalize on the weakness generated by the temporary selloff in crude. You know this because after crude had stabilized but gold was jammed down further.