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Thursday, August 17, 2006

Comex Gold Following Oil

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Comex gold is easing along with Oil in general.

Oil is coming off hard. It's the lowest in some time.

Sep crude is down $1.11 to $70.78 a barrel and has hit its lowest level since June 21.

There has been somewhat of a tug-of-war in the gold market lately on whether to pay more attention to softening crude or a softening dollar.

Dec gold has lost $4 to $635, and Sep silver is down 17.5 cents to $12.11

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