Posted on 09/02/2011 4:26:02 AM PDT by blam
Gold Jumps To Highest Level In 9 Days Gus Lubin | Sep. 2, 2011, 5:32 AM
Remember gold $1900? Gold took a $20 jump this morning on its way to the highest level since Aug. 24.
The metal was at record levels as recently as Aug. 22 before slipping.
(Excerpt) Read more at businessinsider.com ...
"The bank cut its NFP forecast to 25K from 50K yesterday citing "the accumulation of evidence of weak hiring in late July and August: a sharp deterioration in perceptions of job availability in the latest Conference Board survey, a drop in today's ISM manufacturing employment index, another drop in job advertising, and a soft ADP report" (via Zero Hedge)."
I'd read earlier that anything below 75,000 is a disaster. A few are saying that we'll see a negative number.
Gold is up nearly $60/oz. today. Do I HAVE to say it? OK. I will.
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