This post was just published on ZYX Buy Change Alert
As of this writing extremely aggressive buying is seen in gold. Dollar is weakening but not enough to justify the move in gold. The reason appears to be a rumor from Europe. If there is any credibility to the rumor, we will be back.
Gold futures have moved up to $1624. In addition to usual momo crowd, light buying is also seen by Smart Money.
As a reference to the table provided yesterday, Smart Money has been a net buyer of $2.78 million of GLD today as of this writing.
