Thursday, August 11, 2011
Blue moon good news
Jobless claims reported a fall this morning as they dropped to 395,000 when they were expected to stay around 400,000. This is seemingly the first bit of positive economic news we've had in awhile and should spurt a nice rally in the opening of the market. With volatility and investor's concern at the highest we've seen it in years, today will likely be another very unpredictable trading day. Gold has slightly fallen off its highs but is still trading at higher than it ever has recently at $1,775.
Labels:
concern,
gold,
jobless claims,
rally,
volatility
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