Friday, March 6, 2015

GOLD GETS PUKED BY ALGOS AT 8:30:00.00001 ON NONEXISTENT BIDS: here's what you need to know

This is the important bit of news for this morning:

US dollar makes a +3SD upmove on a good jobs number. I doubt it stays there.

And as for gold:

The damage came from the US dollar move. As for the ex-US price of gold, it's still not looking bad.

Algos puke, it's what they do.

Oh also US regional banks have exploded higher, but they're still banging on the resistance line.

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