[Tilted Irish Kilt]

SPOT MARKET IS OPEN ;Nov 16, 2014 23:09 NY Time Bid/Ask :1186.00/1187.00 batterycommander , your information is incorrect as of 11:14 PM Sunday on November 16, 2014
Low/High :1181.40 / 1195.20
Change : -2.50 -0.21%
30daychg : -52.20 -4.22%
1yearchg :-104.40 -8.09%

[cynwoody]

Gold Is On Fire

[zeestephen]

NY Spot gold made its move on Friday.

Went from about 1148 to 1193, a 45 point move.

A lot of hedge funds are short gold, and some huge trades - long trades - went through NY on Friday morning.

The conventional wisdom - short covering by hedge funds, plus a strong rally oil on Friday, which usually trades in tandem with gold.