Gold was shot down at 8:00 A.M. cause the employment figures came out at 8:30. They reported job loss at 533,000 compared to 204,000 last month and 159,000 the previous month.

Unfortunatly the 159 figure was revised to close to 200 last month, and they've just revised the 204 figure to over 300. So one can assume that the real number this month is over 700,000. Notice that the increase is increasing at an increasing rate (expodentially)

This certainly explains the US$ strenght this morning!!!!

Later