Gold up $11
Gold is off to a sizzling start in New York trading. It's up $11.44 to $1528.90 after a quick rise above Monday's high of $1525.
The gain marks a fresh three-month high for gold and we're now testing the September high at $1535.
There is an early-year seasonal tailwind for gold that I've written about extensively. I warned about it kicking in early on a front-run and that's what happened last week.
Gold is a nice place to be right now because there's a tailwind and money will also flow into it if/when the non-stop rally in stock markets corrects.
