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0.00% $23.35 newcrest mining limited

ADP private payroll report which has a very good correlation...

  1. amhtet
    435 Posts.
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    06/07/12
    09:57
    Post #: 10401162
    ADP private payroll report which has a very good correlation with NFP tonight surprised the market to the upside which means Fed can't easily justify more QE for now. After ADP, gold fell badly.

    ECB rate cut + good US Job data = strong USD = bad for gold.

    Sell folks.
    NCM Price at posting: $24.37 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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