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gold- the lack of overnight movement...

  1. gaweb

    2,154 Posts.

    Well, COMEX gold did not do much overnight - it fell 0.60/oz. It seems the market is anxious regarding the UN in deciphering the weapons decleration statement released by Iraq over the weekend.

    There are concerns for the gold market atm, on Monday the truthfullness of Iraq's list of banned chemical, biological and nuclear weapons projects. However, if saddam is caught lying then the bloodshed will surely commence without fail - fronted by the main man Dubya.

    I think gold will be tracking quasi gold derivative currencies for a short while until the UN deciphers Iraq's statements and/or waiting on further economic news. Very quiet and lackluster.. The calm before the storm ? hmmmmmm

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