The Really Useful Gold Thread

a differing view to that of sinclair....$460 level key going forward

Gold ends higher; extra lift from Capitol scare
Fri Oct 21, 2005 02:48 PM ET

NEW YORK, Oct 21 (Reuters) - Gold rebounded on Friday in New York on bargain hunting by consumers and bullish investors, enjoying extra buying late in the session from a bomb scare near the U.S. Capitol building in Washington D.C.
"There was a bit of weekend short covering, which was prompted by a suspicious package that was near Capitol Hill," said Bernard Hunter, a director of precious metals trading at ScotiaMocatta in Toronto. "It eventually ran some stops and I think it was probably more just dealers squaring up a bit."