When Gold will be allowed to make its mind and move appropriately reflecting the reversal in US Dollar parabolic move?
ZeroHedge:
April Payrolls Miss At 223K, March Revised Much Lower, Wage Growth Disappoints Again
"While the April payrolls came almost precisely as expected, at 223K, a tiny 5K below the 228K expected, the reason stock are soaring is that the already abysmal March payroll prints was revised even lower to just 85,000, the weakest print since June 2012, and pushing the 3 month average job gain to under 200K, or a level which the Fed has indicated previously it will hardly do much if anything material.
The household survey did not provide an offsetting boost, with the number of employed Americans rising only 192,000 in April according to the "other" survey.And, as a result and as we noted in our market wrap today, with a June hike now looking unlikely, the S&P has exploded higher. ZeroHedge."
US Dollar Slides To 95.00 - Confirms Double Top Reversal. Can Somebody Invite Gold To FED's Party?
After disastrous GDP number of 0.2% growth with deflator at - 0.1% US Dollar has finally given up and slides to 95.00 level. 96.24 was crossed yesterday and now we have the confirmation of the US Dollar Double Top Reversal. Gold is still sleeping and cannot believe its luck, somebody has to make a call … Gold could be manipulated all day long, but US Dollar will be very difficult to put back on the parabolic move. Now it is apparent that economy in US is nowhere near to the robust growth after unprecedented historical monetary expansion. What will be coming next? Nobody knows, but short squeeze in Gold and Silver will be very nice to have for a change. Party starts after $1,225, but the real fireworks will come after $1,316.
Huge Miss On The Jobs Report And Gold - The Parabolic Move In US Dollar Is Over.
After today's huge miss on The Jobs Report the parabolic move in US Dollar is officially over. With crashing dollar commodities should finally find the bottom. Gold is already printing very strong Double Bottom Reversal, confirming what we had discussed before. Move above $1,310 will bring all the fun back now. Good Friday to everybody who is not short Gold or Euro … Monday will be interesting with Record Short position in Gold.
Gold: Is US Dollar Parabolic Move Over?
"This is what is called the parabolic move in US Dollar. It has "coincided" with the collapse in Oil and other commodities. You can appreciate the magnitude of this move and the total devastation is has caused in the commodity markets. Is it over now? Everybody is still bullish on dollar, but FED has already scaled back expectations on the rate hike. Immediately we had the dollar flash crash, which is better seen on the daily chart below. Strong dollar is not very good for the recovering US economy, actually FED is in the corner of 18 Trillion debt, All-Time-High markets and the brave idea to hike the rates. Half of the traders maybe have never even seen rising rates in their lives before. What will happen with the market on fire once the oxygen will be going out? I would say that this "removal of patient does not mean that we are impatient" will lead to the very gradual couple of hikes the most. Once the market realise it, this parabolic move will end in the crash. The higher it goes the harder it will go down. When will it happen? I guess that nobody knows, but at least we have the hesitation now, which could be enough for the margin calls on this the most crowded trade after another 5% move down. Read more."
TNR Gold: Shotgun Gold Project Development in Alaska.
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."
