The month of October comes to an end and, with it, our chances of posting the first monthly close in spot gold north of $2000. Oh, well. We can always try again next month.
And what was the primary cause of today's drop? The massive rise in USDJPY that we discussed this morning. (No doubt helped along by The Banks, too.) It leaves for us a very interesting setup going into tomorrow.
What happens tomorrow? Well, besides all of the unknown unknowns that come with warfare, we have quite the list of scheduled economic news:
- ADP jobs report at 8:15 ET...