Gold tacked on about $10 in early Wednesday morning trading in the Far East. But shortly before London began trading, all the those gains began to disappeared. The low for the day was shortly after Comex floor trading started. From there, a spirited rally began, which went vertical right after London closed for the day…but [as always] there was someone standing there with a hammer to make sure that the rally went no further.

High natural gas prices mean strong demand for drill rigs. More demand means higher day-rates for the rigs. That means it’s a great time to own drillers.