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In The Lead – Payrolls Payoff

2012-05-04 20:29:09 (читать в оригинале)

Precious metals underwent a mini-meltdown on Thursday and approached key support levels once again despite an only modest gain in the US dollar on the trade-weighted index. We could call yesterday a "sell everything" or "risk-off" kind of day all we would like to; the reality is that the relatively weak economic data coming from the US economy failed to undermine the greenback, it failed to make more than a 62-point dent in the Dow, and it certainly failed to ignite fresh QE3 hopes and lift gold and other precious metals at all [...]