Flash Update- $12 Market Rally

Market rallies $12.00 in a blink of an eye as everyone watches the December- February gold switch trade in a backwardation. Current Dec / Feb Gold switch trading a $ -.20 cents back after trading on the positive side earlier in the day. Backwardation in the gold market will give the shorts a real concern for their lives and as we witnessed a fast short covering rally bringing us to a daily high today $1,083.10 in the December contract. We will continue to watch the movement in the Dec / FEB Gold switch and report any unusual moves
that would indicate future moves in the market.