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.