Not a terribly big move. But it’s been pretty stable in recent weeks. At around $1276 it’s pretty much in the middle of the trading range it’s occupied all year ( + - $50-$60 ). Wild card always. I’ve been itching to make a small speculative bet for a month or so - but have resisted so far. The other intriguing bet would be on GNMAs or some other investment grade bond. With the 10-year at 2.37% today, I’m not so inclined. Above 2.4%, perhaps.
Re gold - Wondering if Yellen’s letter to Trump today (Take this job and ... ) is having any effect?
