So WTF happened Friday?

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

mike

Ground Beetle
Messages
550
Reaction score
3
Points
143
Location
Texan in Sweden
Are there any "reasons" for the dip on Friday? I picked up some silver Maples anyway
 
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%). ...

http://goldsilverworlds.com/price/why-gold-fell-2-5-pct-on-friday/

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

http://www.zerohedge.com/news/2015-...-dollar-surge-good-news-good-news-jobs-report

BLS BS
 
Cookies are required to use this site. You must accept them to continue using the site. Learn more…