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From Smelly Crow, 1 Month ago, written in Plain Text.
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  1.  COMEX gold futures held mostly steady on February 5 as the bearish belief that brushed up more comprehensive markets on February 2 proceeded into today, erasing the January gains in equities.
  2.  Gold for April distribution, the energetic month, closed 80 cents/oz reduced at $1,336.60/ oz after slipping from the $1,340-$1,341/ oz range in late London/early New York trading.
  3.  April gold reached the $1,340-$1,341/ oz variety complying with a small rally in very early London trading as major European equity indexes sold virtually 1.5%.
  4.  The Dow Jones industrial average saw unstable trading early in the early morning but then went into freefall in the mid-day, falling more than 1,500 points, or concerning 5.85%, before recouping rather.
  5.  The Dow ended down 1,178.41 points, or 4.62%, at 24,342.55.
  6.  Analysts associated the selloff to systems-based technical selling when the Dow and the S&P 500 damaged listed below their particular 50-day relocating averages adhering to huge gains in January.
  7.  The dollar strengthened versus the euro, but just partially to the reduced $1.24 region.
  8.  Elderly trader Sean Lusk of Chicago assets broker agent Walsh Trading claimed gold was holding above $1,330/ oz because of countering buying and selling interest.
  9.  "I do not assume gold gamers know what to do. You have actually obtained a bullish case to be made and a bearish one," Lusk said.
  10.  He noted that gold was in fact climbing alongside equities as well as power assets in January, helped by a weaker buck.
  11.  "Now the buck is beginning to show some life because, with all this [employment] data, we're beginning to see a little inflation, and also the chance of more rate hikes beginning," Lusk claimed.
  12.  As speculative funds were selling out of their equities placements, other financiers can be found in to purchase gold based upon a big increase in the CBOE Volatility Index, Lusk included.
  13.  April gold was up $4/oz in afterhours, digital trading as New York Stock Exchange floor trading shut.
  14.  Secret support for gold remains at $1,323/ oz, Lusk said. https://www.irochemical.com below that puts the following support degrees simply over $1,300/ oz and also $1,282/ oz, he stated.
  15.  COMEX silver for March shipment slid $0.038/ oz to close at $16.671/ oz striking solid resistance in late London/early New York trading near $16.850/ oz.
  16.  NYMEX platinum for April delivery shut $3.90/ oz lower at $995.50/ oz after easing back from intraday highs near $1,000/ oz.
  17.  NYMEX palladium liquidated greatly in over night Asia trading and traded in between $1,027/ oz and $1,037/ oz before ending $12/oz reduced at $1,032.95/ oz.
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