Loading ...As soon as it attempts to rally, the deluge of sell orders start–I’d like to say it has something to do with the job report–but it’s been going on for a while
Just went out and mowed the lawn…Gold was 1218 bid when i left….now I come back and it has lost 5 bucks on no news, just as the SM has rallied.
Just as Buygold says, the Algo’s push all mkts all day, no matter the news. They reckon they have got the perfect answer, just take the mkts to where, they can keep saying look at the mkts, the world is perfect.
I mean that Fed stooge Hilsenrath, was saying ystdy that Bernanke deserves a Nobel prize, for turning on a black box !!!!!! but you almost have to admire their chutzpah, as they keep fineing the banks for wrong doing, when they are at it 24/7…….then again the fines are probably just their cut.
I need drink.
Cheers.