Please excuse me for quoting myself, but I can't let this one lie as it has occured YET again. This morning I said
'Oh and watch how much of a doozy the jobs report tonight will be. Gold ALWAYS gets bashed the night before a very bad economic report. And after last night it must be a shocker'
Expectation: -100,000
Actual: -159,000
Thats right, 60% worse than expectations, almost double the loss of 84k last month and 3 times the 54k loss the month before.
The action in the price of gold the night before a big report gives the insight once again.
Oh and what has gold done since the number came out. Thats right, down $10 and the USD has strengthened slightly.
Black is white remember
