An overnight rally drove Comex Digital Gold to $2200 overnight, marking the third occasion that price has crossed that barrier. Unfortunately, the Comex soon opened and CDG was driven backward, marking the third occasion that price was not allowed to remain there.
So what the heck is going on here? As you can see below, price rallied overnight. Some of it on the terrible news out of Baltimore and the economic impact it will have. Some of it on physical buying in London. The high was reached at 6:30 ET or a little less than an hour before the Comex open.
So what happened...
