CDG and SPOT Both ATHs

What an interesting day we have here. It’s the third Friday of the month, so not only is it the day we paint the weekly charts, it’s also the day the NYSE option expires. With this in mind, it is somewhat remarkable that the price of gold is charging ahead and in the range to end the week at new all-time highs for both CDG and spot.

So we’ll be watching to see where we go today. Some/much of today’s CDG rally is based on more dire economic news, as earlier this morning we got the latest look at US housing starts and building permits. This data hasn’t changed much, so when…