The Apr24 Comex gold finally goes off the board today and into “delivery” this evening. While this doesn’t mean that price will go straight up beginning tomorrow, at lease we’ll finally be done with all of the expiration-related selling pressure.
We discussed this chart yesterday but it’s worth posting again. Four, consecutive days of selling on Comex while price generally rises everywhere else in the world. Yes, you can say this this is typically how it is every day…but not always. It’s just often this way as we head into a front month contract expiration as TAS spreads are…
