You think GLD will hold $60 next week? I think it may drift well under $60 and not planning seconds there unless the dollar starts to weaken again, then I may take in some on just a dip under $61, we'll see.
That pullback from OB/D-top on Gold/GLD sure played out from first of Dec after that ramp from Oct still a little at risk here from hitting some more pockets of year end long liquidation seems there has been some light buying here on the dip with GLD getting OS on the 60 .
Funny , its the end of marriage season in India which caused further small declines there ...also of note on the physical demand side there was a 5.7 percent drop in jewellery exports by Turkey, a leading bullion market to 9.5 tonnes from a year earlier. Dollar strength on a little better employment #'s & slightly better retail numbers...the prevailing factor these days is definitely the dollar strength or weakness.
JOYG sure wil offer a trading op on monday am , they beat by 5c last time @ $63c a shr last eps , now expecting $66c/shr could go either way a pop n drop or a buy the dip scenario