December 18, 2017

This morning gold prices are trading $1,259.00/oz., up $3.00.  In the week ending December 12, managed money traders cut their Comex gold futures long position sharply for a second week to 76.2K contracts, a drop of nearly two-thirds and a 5 month low.  International equities are higher, following the US stock market’s performance Friday. The Bloomberg US Dollar Index is slightly lower.