With all of the investment world focused upon Wednesday, it should come as no surprise that we began the week today with a very quiet, low volume and tight range Monday. There may be slightly more volatility tomorrow but again, with the FOMC pending for Wednesday, Tuesday is likely to be a quiet day, too.
How quiet was the day? Comex gold saw a price range that barely exceeded 0.5%. This after the combined $70 gain and volatility of Thursday and Friday last week. There wasn't much news to drive the trade, either. Tomorrow may see some brief volatility in the morning with the...