Well, we’ve finally reached “contract expiration” day as the Dec16 Comex gold and silver contracts go off the board and into “delivery” at the close today. With total Comex open interest now back to the levels of last December, could price finally be near a bottom?
As usual, we must look at the USDJPY for clues:
http://www.silverdoctors.com/gold/gold-news/the-usdjpy-and-the-price-of-gold/#more-74591