The overnight and early morning rally in the metals was met with heavy liquidation selling around noon in New York. Gold finished down only 14 dollars from yesterday's close, but it was a much larger intraday reversal.
I think the Street and the monied interests are prepping the markets for QE3. The Fed meets next Tuesday.
I took a little time from my 'vacation' today to put some money to work in the market in the latter half of the New York trading day.
