woody

I missed the question but CNBC had his post-answer comments in full. 'It is the unwinding of a 35 year bubble in the dollar', 'Prices haven't gone up in terms of gold, just the fiat currencies' etc. etc.. No comment from Binky.

I've had this before with IG. They claim the silver and gold prices quoted are not the market spot but those of a feed. They don't say what feed and I've seen it deviate from the spot on many occasions usually just enough to whip me out of a guaranteed stop.

Yeah, looking good now. Stocks easing and oil rallying which is a big positive. My short worked well (out at $920) but that choppiness after was a bit painful! Thankfully it has calmed down a bit now and looking good for a positive run.

Getting very difficult to call now. Maybe time to switch the screen off for today :-)

Looks like the bulls are back in charge. Real sharp uptick that!

Right now you could flip yesterday's chart on its head which means there's a big downer coming very shortly...

$925-odd is presenting a lot of resistance and we've only got 20 mins or so until the pre-market action starts. I've taken a tentative short at $925 (short-term - still long on core holdings) although I might rapidly change my mind in a bit :-) I agree, it looks like being violent one way or another.

Interesting... they're wheeling out the technical analyists now talking about the S&P, FTSE-100 both being at or around trend and risking critical support. All good for gold although I haven't seen that chart pulled up yet!

I've made a bit on the short side in G&S as the moves so far are incredibly smooth. $910 now providing a bit of support so another run to $912 is on the cards.

CNBS is like a comedy today. The shock and horror at all this unjustified weakness in stocks. And quote of the day which says it all (re Golden Sacks downgraded GM & Citi): "And they did it just 3 days before the end of the quarter"

$910 gone

Mervyn King: Expect a one year pause in living standards Interesting. Right timing to be the catalyst for this move.

$910 is important resistance. But its trying...

Blimey! That is the kind of open I like.

Nice :-) Looks strong this morning. It got a little bit scary in the period between the inventory and Fed announcements and I nearly got stopped out several times. Thankfully, I hung in and am back in profit on the short-term positions. With hindsight I could have trade it down then for the bounce although I've been whipped a couple of times this week so am trying to trade a bit less with wider stops to avoid being stopped out. I think we're in for a run today especially with oil bouncing too.