AUTOREFRESH 
Gold clears $1200 as risk rally runs
By Jamie Coleman || December 1, 2009 at 16:29 GMT
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Gold has just cleared the $1200 hurdle in the cash market as risk assets remain well underpinned as midday approaches in New York. Apparent lack of concern from the ECB over EUR strength is the latest catalyst to a trade that was already on a roll.
1.5145 is next resistance for EUR/USD. A 1.5200 barrier is eyed above that level.
Hate to talk so much….but I just found out about Kurzarbeit, that is why the German and other countries Unemployment data is so good!…they never talk about this at all on TV.
Random Thought, remember I mentioned before about spikes sometimes around 1:30….stupid question….is that cuz of the Metals Pits being closed and FX issues to arise over settling it? Told you, lame question/
no clue sorry TN.
Thanks Cheg…there seems to be daily volatility in FX and Indices around the Metals open outcry close, Oil and Bond pits closing too…..still don’t know how they interact…maybe dollars are needed to settle…or program trade action off of close numbers…..not sure?
the only sure thing is that all markets interact (sometimes a lot more than people think) and that pit closes (settlement prices) bring a lot of interests (many models type funds only actually look at closing/opening prices), hence movements in all markets on these closes. Don’t know much about metals, so I don’t know how they influence other markets…
Thanks Cheg….I got to put it all together one of these days…