are attempting to bounce off of support which as noted yesterday was
looming. Gold managed to bounce off the lows yesterday and is flirting
with $1600. One of the positive inputs for the market is the 1,000 (I
guess they are desperate) decline in jobless claims. The trade deficit
in March ballooned to over 51 billion. The significance with that figure
is that it will take .4% percentage points off of GDP and knock it from
1.9% to 1.5%. Now that’s a vibrant recovery! haha. Read more...