So far typical jobs Friday action.....
In additon to the crappy jobs number, the Fed agreed to increase the TAF auctions to $100B. In a nutshell gold was up as much as $12, and is now up $4. Gold is clearly attatched to oil which started to slide. The dollar hit a new low at 72.46 and is now at 72.61.
I still look for the dollar to rally today and gold to slide. That's just the way it is on jobs Friday. Whooops....gold only up $2 now.
S+P futures tanking. Call me crazy, but for some reason I think the market has a chance to finish higher today.
I still look for the dollar to rally today and gold to slide. That's just the way it is on jobs Friday. Whooops....gold only up $2 now.
S+P futures tanking. Call me crazy, but for some reason I think the market has a chance to finish higher today.


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