For the trading week now winding down, 53% of Wall Street and 57% of Main Street voters were bullish. As of 11 a.m. EDT, Comex December gold was 1.6% lower for the week so far at $1,213 an ounce. “I am bearish for next week,” said Kevin Grady, president of Phoenix Futures and Options. “Gold is having a hard time holding onto its gains at these levels. We are not seeing many new longs entering the market at this price point, so I think we should test the 50 DMA [50-day moving average), which is $1,213.60. A breach of that level will attract more selling.” Bob Haberkorn, senior commodities broker with RJO Futures, ... (full story)