TRADING RESUMES SUNDAY 1/3/10 AT 3PM PST
Thursday, December 31, 2009
GOLD FALLING QUICKLY
DOWN VOLUME IS MODERATE AND NOT VERY STRONG
ON THIS SELL OFF, BUT GOLD IS MAKING SOME DISTANCE
WHICH MAY MEAN LOTS OF SELL MARKET ORDERS
SUCKING UP JUST A FEW BUY ORDERS OVER A LARGE RANGE
Weekly unemployment claims drop 22,000 to 432,000
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ShareBy Jeffry Bartash
WASHINGTON (MarketWatch) -- The number of people filing initial claims for state unemployment benefits fell to a seasonally adjusted 432,000 in the week ended Dec. 26, the Labor Department reported Thursday. Economists surveyed by MarketWatch expected initial claims to decrease to 455,000. The four-week average of initial claims dropped 5,500 to 460,250. Meanwhile, the number of continuing claims in the week ended Dec. 19 declined 57,000 to 4.98 million. The four-week average of continuing claims fell 122,500 to 5.1 million. The gradual decline in continuing claims over the past few months suggest companies are no longer getting rid of workers, and may even be hiring. Yet year-end data tends to be especially volatile because of holidays, bad weather and other one-time factors, economists say.
Story Comments Screener
Alert Email Print
ShareBy Jeffry Bartash
WASHINGTON (MarketWatch) -- The number of people filing initial claims for state unemployment benefits fell to a seasonally adjusted 432,000 in the week ended Dec. 26, the Labor Department reported Thursday. Economists surveyed by MarketWatch expected initial claims to decrease to 455,000. The four-week average of initial claims dropped 5,500 to 460,250. Meanwhile, the number of continuing claims in the week ended Dec. 19 declined 57,000 to 4.98 million. The four-week average of continuing claims fell 122,500 to 5.1 million. The gradual decline in continuing claims over the past few months suggest companies are no longer getting rid of workers, and may even be hiring. Yet year-end data tends to be especially volatile because of holidays, bad weather and other one-time factors, economists say.
15 MINUTE MARCH 2010 EURO CHART (delayed prices)
EURO FORMS A FLAG AFTER RISING OUT OF A
HEAD AND SHOULDERS PATTERN. SHOULD MOVE
HIGHER OUT OF THE FLAG CONSOLIDATION
5:02AM PST GOLD CONTINUES LOWER AHEAD OF THE CRIMEX OPEN
GOLD HASN'T FALLEN AS MUCH AS I WOULD HAVE
EXPECTED IT TO FALL AHEAD OF THE CRIMEX OPEN
BUT THERE IS STILL PLENTY OF TIME FOR THAT TO
HAPPEN. IT SHOULD GET BASHED ON THE OPEN AS
THE BULLION BANKS DO THEIR USUAL JOB OF KEEPING
GOLD DOWN DURING THE NEW YORK SESSION
GOLD STARTS TO GAP LOWER, COULD BE THE TOP AHEAD OF THE CRIMEX OPEN
EXPECT GOLD TO GET BASHED AHEAD OF, AND ON,
THE CRIMEX OPEN
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