Good morning! What an incredible kneejerk reaction to job numbers this morning. Instant (+) in dollar and (-) in metals....for about 3 minutes. Now already changing direction and $/E rate nearly same as before number. By the time the stock market opens, gold may be flat at this rate!
was busy and could not pay attention first 30 minutes today, now looking at numbers I am annoyed as heck....expected & anticipated the turn but did not put buys in place - what a nice turn I missed. Boy nobody better ever disturb me again at the open!!!!
The more I look at the data, the more confident gold will rally before the end of the day. Only 97K jobs were created. Why is everyone going crazy about all the 1 time low paying construction jobs to clean-up FL? The employment data is at best misleading IMHO. Of course any excuse is a good one to continue this "Bush Rally".
of course I am happy for all the folks who have found jobs...but I know what you mean. What amazed me was gain in construction jobs this time of year - unless hurricanes aided that sector to such a degree.