COMEX GOLD HELPED BY SHORT COVERING

At least some of the buying in Comex gold Wednesday morning has been short covering, It's offsetting positions. Yesterday, we had a sell. So you have a lot of people covering and getting long. Overall, the market is quiet and remaining sideways within its recent range.

Dec gold is up $7.90 to $627. Dec silver has added 28.8 cents to $12.61