Gold hit decade highs on Wednesday, trading as high as $1818.5 on the spot market, and $1829.8 on the Comex August contract. Silver spiked to $19 spot and $19.45 for the active September contract. Since then, profit-taking has pulled prices back. In early morning trade in the European time zone gold was trading at $1803, up $29 from last Friday’s close, and silver at $18.65, up 65 cents on the week. Our next chart shows the gold price and Comex open interest moving up in tandem, with open interest appearing to have further upside.{image} Open interest has some way to go before we can say that gold is overbought by ... (full story)