Gold price drop - US employment data (Gold price rise - Greek CDS)

[goldpelican]

Buying dip extended

http://www.reuters.com/article/2012/03/09/us-usa-economy-idUSTRE7BM0AB20120309

 

[theiain1]

Looks like markets reaction is to now price in a delay for QE3 again

May get a bonus discount if Bernanke pours cold water on it next Wednesday

But who knows, wouldn't be the first time markets have got it wrong

BTD

 

[alex.ross]

dip's over

 

[goldpelican]

Geez what was that???

 

[Au-mageddon]

Free market bitch slapping some Central bank ??

Nah .. way to hopeful ...

Just reindeer games to lull us into a false sense of security .. so we loosen our grip on our physical

 

[hem9]

Maybe because of this?

http://www.bloomberg.com/news/2012-...illion-of-default-swaps-under-isda-rules.html

 

[goldpelican]

Policy makers including former European Central Bank President Jean-Claude Trichet opposed payouts on Greek credit- default swaps on concern traders would be encouraged to bet against failing nations and worsen the region's debt crisis.

How arrogant.

 

[bellinvest]

I find it rather amusing when these employment figures come out of the US and their polititions are jumping around celebrating 200,000 jobs created, unemployment down and everything is getting better.

Last time i check the US population was around 300,000,000. Now at a growth rate of say 1% (minimum) the US needs to create 3,000,000 jobs per year or 250,000 per month JUST TO BREAK EVEN with population growth!

In true sense they are going backwards yet manipulating their employment data to show the sheeple that everything is gettin better. I cant recall the US data indicating more than 250,000 jobs created in a single month...

Its not what they make it out to be.

Keep stacking them bars.

 

[VRS]

That was short then... Again I went to bed and the charts's a-plungin' - then six hours later I wake up and we're back over $1600 and rising... I must sleep more... obviously...

 

[DanDee]

Buying dip extended

http://www.reuters.com/article/2012/03/09/us-usa-economy-idUSTRE7BM0AB20120309

"The labor force participation rate - the percentage of working-age Americans either with a job or looking for one - rose to 63.9 percent from 63.7 percent in January"
looking for one?? wouldn't that be unemployed?

 

[VRS]

Buying dip extended

http://www.reuters.com/article/2012/03/09/us-usa-economy-idUSTRE7BM0AB20120309

Haha! I love that Reuters bit where it says in big letters 'GENUINE RECOVERY' ('Get yer luvverly GENUINE RECOVERY 'ere!'):

'Hey Mate - Is that a recovery over there, on the horizon, between the rising Yuan and the Elysian Eurodebt Fields?'

'Yup'

'Am I seeing things, or is it a GENUINE RECOVERY though - I don't want to propagate misinformation?'

'Hummmmm... Dunno... Pretty tho'eh?'

[youtube]http://www.youtube.com/watch?v=-_cdbByTeNE[/youtube]