WEEKLY MARKET DIGEST: UNEMPLOYMENT FALLS AND SO DOES GOLD $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) UNEMPLOYMENT FALLS AND SO DOES GOLD May 2, 2014 April Unemployment Rate falls to 6.3% vs. 6.6% consensus. April Private Payrolls rocket to 273K vs. consensus of 192K. Gold and silver have dropped on the excellent employment report. Smart Money is aggressively selling gold and silver this morning after the report but the momo crowd is buying, perhaps attracted by the low price. Lets see who wins the battle. Interest rates are only marginally higher.