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Old 02-09-2015, 01:27 AM   #1
Ground Beetle
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So WTF happened Friday?

Are there any "reasons" for the dip on Friday? I picked up some silver Maples anyway
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

H. L. Mencken
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Old 02-09-2015, 05:12 AM   #2
Yellow Jacket
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Originally Posted by mike View Post:
Are there any "reasons" for the dip on Friday? I picked up some silver Maples anyway
Greedy bankers covering bad paper. Nothing to see here.
All things being equal, the simplest answer is quite often the correct answer - Occam
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Old 02-09-2015, 07:16 AM   #3
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Quote :
Gold benefits from falling rates and a weaker dollar. It got hurt on both fronts on Friday. The big jump in rates pushed the dollar sharply higher. That combination pushed gold $31 dollars lower (a loss of -2.5%). ...

Quote :
... better-than-expected payrolls data ... has sent stocks higher, bond yields higher-er, and the US Dollar higher-est. ...

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