GOLD 0.51% $1,391.7 gold futures

The market was anxious going in to the NFP print but once the...

  1. 3,523 Posts.
    The market was anxious going in to the NFP print but once the dismal data point hit, things deteriorated rapidly.

    Pre-NFP ->EUR 1.2322, ES 1292, WTI $84, 10Y 1.51%, 30Y 2.59%, gold $1554

    Post-NFP -> EUR -10pips 1.2312, ES -10 1282, WTI -$1.2 $82.8, 10Y -5bps 1.46%, 30Y -7bps 2.52%, gold +$18 $1572

    Treasury yields at record lows (10Y well below and 30Y right at Dec08 lows) as Gold pops (QE hope?) but stocks don't for now (reality of QE's inability to really help?). Oil down on global growth markdowns and EUR modestly weaker (choppy but practically unch now) - though looks like its all relative printing expectations now.

    http://www.zerohedge.com/news/golds-surge-stocks-purge-and-treasury-yield-records-emerge
 
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