You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Friday, March 07, 2008

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.

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