The allure of “merger Monday” is upon the world, as the logic seems to be that if a Time-Warner/AT&T deal can happen, then why not have everyone merge at big premiums? We’ve definitely need this movie before.
At the moment, gold remains in a no-man’s-land in which it’s trying to decide whether to complete its tiny saucer pattern and try a (surely doomed) assault at $1300, or whether it’ll simply succumb to gravity and continue its fall. My only precious metals position is a medium-sized GDXJ short.
