The rate hike news out of China is weighing on the gold market as well as the new margins kicking in and no real new news of uncertainty in Iran.
More Quotes from Kevin Kerr:
The debate over should oil be at 60 or 80 is like a debate over rearranging the deck chairs on the Titanic.Kevin Kerr
This makes the short side of the market very nervous and as we see gold drop we also see it turn and then move higher twice as fast.
Kevin Kerr
I am excited to be able to congratulate the men and women who have worked hard over this past year and demonstrated the outstanding work that Greeks do at Penn State. We are hopeful that these chapters will be pioneers and role models as we move forward with our ambitious plans for enhancing the Greek experience at Penn State.
Kevin Kerr
Word from the floor is that volume is light and traders are really awaiting tomorrow's data to decide where we go from here, so we are range bound at the moment.
Kevin Kerr
The gold market has been looking for more uncertainty and we are seeing it this morning.
Kevin Kerr
We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday.
Kevin Kerr
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Based on Topics: Gold Quotes, Uncertainty QuotesWind to a sailor is what money is to life on shore.
Sterling Hayden
I never saw my grandfather because he had died before I was born, but I have good memories of my grandmother and of how she could play the piano at the old house.
John Forbes Nash, Jr.
Despise the enemy strategically, but take him seriously tactically.
Mao Tse-Tung