There were minor movements in and out of the Comex warehouses today, but nothing of consequence.
Intraday commentary here.
Gold is moving from West to East. There is something going on behind the scenes.
Have a pleasant evening.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot