A nice bounce in the metals with gold up to key resistance.
The trusts and funds are responding as well as the mining companies, ahead of tomorrow's important September Non-Farm Payrolls report.
One notable variant in this is the unusually large premium being given to the Central Gold Trust. This is almost certainly due to a short squeeze as it is one of the least 'liquid' of the closed end funds with only 16.6 million units. The premium on PSLV is expansive but it is usually so.
I have done some redrawing of the daily Gold chart which will be released this evening.
