If you thought the S&P futures were wild last night, you should have seen gold trading – it was even nuttier – at one point, down over $100 yet again. It has done a good job of recovering off of those lows today, but we could be seeing a very good entry in this commodity for the first time in months. I’m looking to get in at $154.00, and I had an order in for it at that price this morning, but came within $0.19 of getting my fill, before it decided to rocket back up. Such is my luck, I guess.
That doesn’t mean that it can’t come back down at some point, either today, or later this week. So I am going to be patient with it.
