Pretty good jobs data and gold takes a dive, like I've said here before, the slowdown in the first qtr was temporary, more than likely due to poor weather. The head and shoulders is still the dominant pattern, 1140 just round the corner.
We all know that bad economic news in the USA is true and good economic news is a government wide conspiracy to keep a lid on the gold price. Right?
My buddy Ophir is invoking Ritholz' 2nd Law of Goldbuggery.
2/ The price of gold cannot fall, it can only be manipulated lower: When gold's price falls it is an unnatural act. It can only occur as a result of an international cabal of of central Bankers and politicians . it's a conspiracy, and we know who the guilty parties are.
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