Big Move in Gold

I am on vacation this week--at my second home at Horseshoe Bay Texas. My golf game always gets better when I play everyday--3 spectacular Trent Jones courses--I birdied #17 and finished #18 with a par for an 81 on Slick Rock course.




Gold futures for August delivery rose $7.80, or 1.2 percent, to $673.70 an ounce on the Comex division of the New York Mercantile Exchange, the highest closing price for a most-active contract since June 6.

Broad market down--distribution day for the Dow, S&P 500 and NYSE composite. Any session with a price loss of more than 0.20% counts as a distribution day for the indexes in question.