gunDriller
24th November 2010, 05:56 AM
http://oi53.tinypic.com/ftnhid.jpg
http://i54.tinypic.com/s3oetw_th.gif
just the market manipulators getting in one last short before the CFTC puts on the ankle bracelets ?
usually, when gold & silver are manipulated down, the dollar goes up - because the manipulation occurs in $-denominated markets.
when gold goes down AND the dollar goes down, it's usually a sign that Risk is "Off" ... for example, all of a sudden, people aren't worried so much about the Euro ... whereas yesterday, they were FREAKING OUT.
http://www.bloomberg.com/news/2010-11-24/u-s-jobless-claims-decline-to-407-000-lowest-since-july-2008.html
There we go - the decline in jobless claims.
"U.S. Jobless Claims Decline to 407,000, Lowest Since July 2008" (of course, the way it's measured sucks, but a headline's a headline.)
Therefore, here's my theory - risk assets became slightly less valuable as Mr. Market digested today's Jobless Claims #'s.
P.S. Gold and Silver are crawling back. Mr. Market still likes gold and silver.
http://i54.tinypic.com/s3oetw_th.gif
just the market manipulators getting in one last short before the CFTC puts on the ankle bracelets ?
usually, when gold & silver are manipulated down, the dollar goes up - because the manipulation occurs in $-denominated markets.
when gold goes down AND the dollar goes down, it's usually a sign that Risk is "Off" ... for example, all of a sudden, people aren't worried so much about the Euro ... whereas yesterday, they were FREAKING OUT.
http://www.bloomberg.com/news/2010-11-24/u-s-jobless-claims-decline-to-407-000-lowest-since-july-2008.html
There we go - the decline in jobless claims.
"U.S. Jobless Claims Decline to 407,000, Lowest Since July 2008" (of course, the way it's measured sucks, but a headline's a headline.)
Therefore, here's my theory - risk assets became slightly less valuable as Mr. Market digested today's Jobless Claims #'s.
P.S. Gold and Silver are crawling back. Mr. Market still likes gold and silver.