There weren't any big reports. By tomorrow morning we'll be hearing from hoards of pundits announcing that at 2:30 the big "something" caused the drop, but imho what we saw was profit taking that brought general prices merely to the lows we've been seeing for the past ten trading days. OK, we're getting market instability, but I'd be reluctant to say I was looking at a new trend direction unless we started seeing new lows.
It's Friday! Prices fell back to current support levels: more basing. Today's futures have metals'n'stocks off slightly we'll see how the employment/unemployment #'s come out. News:
Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom After years of keeping the price of crude sold to the U.S. Shale drilling has boosted U.S. As refineries turn to lower-priced domestic oil to make fuel at a record pace, the Saudis and other foreign suppliers are left with dwindling slices of the market. Bloomberg
Why gold bugs could be ready to throw in the towel It’s not easy being a gold bug, and it may get even harder. While the yellow metal is up a little after Ukraine rejected Russia’s cease-fire proposal, bullion is still down nearly 4 percent over the past two months. Against this backdrop is a strong American currency.Talking Numbers
Asian stocks slip as investors await US jobs report; Tokyo edges higher as yen ... Fox Business - 4 hours ago A foreign exchange company employee walks in front of an electric monitor displaying the current exchange rate of Japanese yen against U.S.
The Billionaires Prepare for the Market's Plunge - Business Insider
Why This Bull Market Just Won't Stay Down - Jim Cramer, TheStreet