Thursday, July 23, 2009

GOLD TRADING AFTER THE JOBS REPORT


Jobless claims go up by 30,000 to 554,000 (what the
guv'mint is willing to report!), so gold goes up, then right
back down as the Crimex shorts pound any rally into the dirt.
This is the 'thrashing around' part of the open. Let it all
settle down before taking any position. This is all happening
on very light volume and roll overs into October gold only
complicate things even more.