10:02 AM PDST

very light volume on any rally..100 or less contracts is average.. maybe a good jolt every now and then...but nothing consistent.. The oveall down volume hourly is quite high reaching 25K contracts in the 7am hour then declining each hour...8am: 10K...9am: 7K but gold is now rising from below the 75% retracement area at 87760 on very light volume... Could stage a big sell off in the last half hour of the day session unless some BIG VOLUME moves in to offset all this down pressure... Maybe gold just wants to go down to 860 to clean everybodys' clocks before the end of year rally to NEW HIGHS..!