During the trading session on Thursday, we saw the gold market grind sideways, as we continue to see just above the crucial 50 Day EMA. This is a market that’s basically in the middle of the overall range, as the $3200 level has been a floor, and the $3500 level above is a ceiling. With that being the case, the market is essentially where I would expect to call it “fair value.”,Because of this I suspect that the market will continue to try to work off some of the excess froth from the previous shot higher, and right now I think there are so many moving pieces in the economy it’s difficult to get overly aggressive one ... (full story)