by J. Johnson
Great and Wonderful Friday Morning Folks,
Gold is doing it again, going higher 3 days in a row with June Gold at $1,757.80 up $12.60 and right close to the high at $1,760.20 with the low at $1,742.20. Silver, the red headed step child, is still being dragged along with the July contract at $15.625, up 9.9 cents with the high nearby at $15.655 and the low at $15.440. The US Dollar is still stuck under the support of the algos (not real trading) with the value pegged at 100.430, down 10.5 points after it rallied to 100.975 with the low nearby at 100.375. Of course all this was done, while we slept, before 5 am pst, the Comex open, the London close, and after one of the last surviving Mall Queens prepares for bankruptcy. These closures remind me of the days of Montgomery Wards and Zody’s which were around before the malls showed up, now it’s the malls turn, as we watch online shopping take over everything.