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0.51% $1,391.7 gold futures

jobs data out tonight, gold to rally..., page-8

  1. siameseparrot
    24,765 Posts.
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    04/02/10
    21:25
    Post #: 6289887
    The monthly jobs data that counts is released on the first Friday of every month and nearly every time gold has been promptly smashed as gold is put in a no win situation based on the following flawed logic.

    If the data is bad then sell risky assets like gold for the safety of the US dollar.

    If the data is better than expected then the US economy is recovering from a recession or growing. So that is good for the US dollar so sell gold.
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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