Non Farm Payrolls: Prior 233k, Market Expects 215k, Actual 120k …Unemployment Rate @ 8.2% CRONKITE Fri Apr 6, 2012 8:30am EST 5 Comments If you enjoy the content at iBankCoin, please follow us on Twitter 2012-04-06 CRONKITE Share Facebook Twitter LinkedIn
It’s fine, nobody is trading today, so it’s like it never happened.
I love that picture, very pretty.
Question: What’s the effect of a NFP miss on gold? I’m thinking it causes people to sell dollars and since gold is like inverse exposure to dollars gold will go up? Am I on the right track here?
High unemployment is normally deflationary. Therefore, lower stock prices and lower gold prices.
ah makes sense. thanks.