Gold pushed back above $1,800 exactly as we forecasted but seems to have a hard time leaving that level and rising higher. I still see gold in a good environment for further short-term gains. The important 10-y Treasury yield fell below 1.55% reducing the "cost" of holding the non-yielding precious metal. On the negative side for gold, Russia signaled again to send more gas to Europe in November - which eased energy prices, potentially improving risk sentiment in the short-term.
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We won 16 of our last 19 precious metal trades That is a success rate of 84.2%
