Although Presidents’ Day has shortened the hours of trading, it has not dampened the bullish market sentiment. Trading in the Comex exchange was closed, however the Globex remained open on an adjusted time schedule.

For the first time in a while gold is sharply higher and gains are not based upon a weaker US dollar.

As of 5:30 PM Eastern standard time, gold futures basis the most active April contract is trading $.70 higher and currently fixed at $1315.30.