Wednesday, November 25, 2009
Up until last year, the Thanksgiving holiday in the U.S. has been a very favorable two-day period for the gold price as shown below. Of course, lots of things were different last year.
Who knows what to expect this year, but, due to New York trading being closed on Thursday and there being only light trading on both Wednesday and Friday, this leaves the rest of the world to push the price up or down as they see fit.
It's been more up than down during this decade.
Over the last nine years, the biggest moves have come on Friday, so try not to go into the day with too big of a Turkey-hangover.