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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-07-05 11:27 AM
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64. Gold falls back as dollar turns mixed
http://www.marketwatch.com/news/story.asp?siteid=mktw&d...

snip>

"The gold/dollar correlation continues," said Amaury Conti, equity trader at Austin Calvert-Flavin, an investment adviser in San Antonio, Texas.

U.S. December payrolls logged a smaller-than-expected gain of 157,000, but including upward revisions of 34,000 to previous months, December payroll growth was close to expectations of 178,000. See Economic Report. The mixed news sent the dollar lower against the yen but pulled the greenback higher against the euro. See Currencies.

snip>

Buy opportunity

In all, the U.S. economy added 2.2 million workers in 2004, but of those, fully 76,000 jobs were actually involved in manufacturing, said Ned Schmidt, editor of the Value View Gold Report.

"The remaining 2.1-plus million are shuffling papers, playing on the Internet or involved in the housing bubble," he said, pointing out that this "type of meaningless job creation does not support a world-class currency."

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  -STOCK MARKET WATCH, Friday 7 January 54anickel  Jan-07-05 07:11 AM   #0 
  - daily dollar watch  UpInArms   Jan-07-05 07:27 AM   #1 
  - Dollar Declines; Faster U.S. Growth Not Enough to Extend Rally  54anickel   Jan-07-05 08:27 AM   #27 
  - Investors await jobs report  RawMaterials   Jan-07-05 07:30 AM   #2 
  - Jobs report: 157,000  Tempest   Jan-07-05 09:16 AM   #38 
  - Market Update 8:28 EST  RawMaterials   Jan-07-05 07:31 AM   #3 
  - Today's Reports:  UpInArms   Jan-07-05 07:32 AM   #4 
  - U.S. Dec. nonfarm payrolls up 157,000  UpInArms   Jan-07-05 07:33 AM   #5 
     - Let the games begin,  RawMaterials   Jan-07-05 07:35 AM   #7 
     - Whoopsie! And last night they were touting 186K - 200K. But will the  54anickel   Jan-07-05 07:49 AM   #14 
     - futures look like there going up  RawMaterials   Jan-07-05 07:54 AM   #16 
     - 36,000 of those jobs were government - not private sector -  UpInArms   Jan-07-05 08:04 AM   #20 
        - maybe 36000 mercenaries for Iraq n/m  RawMaterials   Jan-07-05 08:27 AM   #26 
        - HA! Seems the gains are in gov't jobs quite often - I thought Repubs were  54anickel   Jan-07-05 08:35 AM   #30 
     - Sounds like next month's report will be interesting to read - lot's of  54anickel   Jan-07-05 08:52 AM   #33 
  - Stock Futures Flat; Jobs Data on Tap  RawMaterials   Jan-07-05 07:33 AM   #6 
  - December Job Gains Less Than Expected  RawMaterials   Jan-07-05 07:37 AM   #8 
  - December Hiring Helps Fuel Job Growth  RawMaterials   Jan-07-05 07:39 AM   #9 
     - Is this newspeak going on  RawMaterials   Jan-07-05 07:41 AM   #10 
  - Today's WrapUp by Martin Goldberg 01.06.2005 (lookin' ugly)  54anickel   Jan-07-05 07:42 AM   #11 
  - Stock Futures Higher After Jobs Data  RawMaterials   Jan-07-05 07:43 AM   #12 
  - "SLIGHTLY lower than expected" and this after Initial claims came in  54anickel   Jan-07-05 08:00 AM   #18 
  - Damn it! What the hell is gold doing UP?...n/t  54anickel   Jan-07-05 07:43 AM   #13 
  - Its probably on the way up because on NPR this morning  RawMaterials   Jan-07-05 07:50 AM   #15 
  - The Bullion Desk - Gold sees weaker start, silver holding $6.40  54anickel   Jan-07-05 09:42 AM   #43 
  - The dollar rallies  54anickel   Jan-07-05 11:23 AM   #63 
  - 54anickel, did you see this thread?  UpInArms   Jan-07-05 07:58 AM   #17 
  - Had just finished reading it a few minutes ago. "Friggenbelievable" in  54anickel   Jan-07-05 08:10 AM   #21 
     - Maybe we should start having the "daily naming game"  UpInArms   Jan-07-05 08:15 AM   #23 
     - Hmmm, I like that idea. Perhaps a section call "Sheep Callers"...n/t  54anickel   Jan-07-05 08:22 AM   #24 
        - here's another example of the propaganda from the WH  UpInArms   Jan-07-05 08:26 AM   #25 
           - We need to get a media outlet that isn't on the take  RawMaterials   Jan-07-05 08:32 AM   #28 
           - Perhaps these articles should make it to DU's home page somehow.  54anickel   Jan-07-05 08:32 AM   #29 
           - Here's yet another  54anickel   Jan-07-05 11:46 AM   #68 
              - Totalitarianism definition  UpInArms   Jan-07-05 12:00 PM   #71 
                 - Someone please stop this merry-go-round from hell. I'm all done now and  54anickel   Jan-07-05 12:22 PM   #74 
     - here you go  UpInArms   Jan-07-05 08:58 AM   #35 
  - from the 2 + 2 = 7 department: U.S. payrolls in line with expectations, ec  UpInArms   Jan-07-05 08:00 AM   #19 
  - Here's a link to Papau's thread on the DOL numbers...  54anickel   Jan-07-05 08:13 AM   #22 
  - Treasuries fall as data support rate rise forecasts  RawMaterials   Jan-07-05 08:39 AM   #31 
  - U.S. 2-Year Treasury Declines After Economy Adds 157,000 Jobs  54anickel   Jan-07-05 08:41 AM   #32 
  - Refunding Bonuses for Restated Earnings  54anickel   Jan-07-05 08:57 AM   #34 
  - 2005 shaping up as a year of big deals  54anickel   Jan-07-05 09:03 AM   #36 
  - Blame for Scandals Entering the Boardroom  54anickel   Jan-07-05 09:08 AM   #37 
  - Bush Math, or When Is 4 Percent Really 32 Percent?  RawMaterials   Jan-07-05 09:16 AM   #39 
  - Interesting article and site. I've bookmarked it to read some of the  54anickel   Jan-07-05 09:56 AM   #49 
  - 10:16 EST Numbers, blather and buck  54anickel   Jan-07-05 09:19 AM   #40 
  - 10:26 EST and all red  UpInArms   Jan-07-05 09:26 AM   #42 
     - 10:41 EST (red) numbers, blather and the buck  UpInArms   Jan-07-05 09:43 AM   #44 
     - Sumptin's fishy?  54anickel   Jan-07-05 09:50 AM   #47 
     - Strange, the buck got a big boost to 83.14 at 10:00 am...n/t  54anickel   Jan-07-05 09:44 AM   #45 
  - SnowJob is fluffing the blankets again  UpInArms   Jan-07-05 09:25 AM   #41 
  - Huh? The fundamentals point to a lower buck, so what's he trying to say?  54anickel   Jan-07-05 09:46 AM   #46 
     - it was  UpInArms   Jan-07-05 09:50 AM   #48 
        - *SNARF*......  54anickel   Jan-07-05 10:00 AM   #51 
  - Holy Cow? Who's the wind beneath the buck's wings? 83.23!!!  54anickel   Jan-07-05 09:58 AM   #50 
  - check out the spikes on all of these charts  UpInArms   Jan-07-05 10:03 AM   #52 
  - WTF? That sort of looks self-induced to me! - NAH - would he?  54anickel   Jan-07-05 10:11 AM   #55 
  - Euro reverses on Snow comment, triggers sell orders (HUH?)  UpInArms   Jan-07-05 10:06 AM   #54 
  - Unocal Takeover Too Costly for CNOOC, Say Investors  54anickel   Jan-07-05 10:04 AM   #53 
  - CNOOC ... is that where Henry K is a trustee or advisor?  cosmicdot   Jan-09-05 06:04 PM   #144 
     - Ugh, I didn't realize that. Thanks for the info. Why anyone would  54anickel   Jan-09-05 09:52 PM   #145 
  - A kick back to page 1  JNelson6563   Jan-07-05 10:53 AM   #56 
  - hi Julie!  UpInArms   Jan-07-05 10:59 AM   #58 
  - 11:55 EST numbers, blather and the buck  UpInArms   Jan-07-05 10:56 AM   #57 
  - I feel like peucking  RawMaterials   Jan-07-05 11:02 AM   #59 
  - Heh-heh, was that a * supporter? If so, hope he/she gets what's comin'  54anickel   Jan-07-05 11:14 AM   #61 
     - Ya that made me feal sick too  RawMaterials   Jan-07-05 12:41 PM   #75 
        - I have a few friends like that as well. I don't like being so mean and  54anickel   Jan-07-05 01:00 PM   #79 
           - well and you can just tell them what you know  RawMaterials   Jan-07-05 01:07 PM   #81 
  - Taser: SEC probing safety statements  UpInArms   Jan-07-05 11:06 AM   #60 
  - Another A$$croft tool for martial law, coming soon to a neighborhood near  54anickel   Jan-07-05 11:16 AM   #62 
  - Gold falls back as dollar turns mixed  54anickel   Jan-07-05 11:27 AM   #64 
  - Cripps: Jobs data confirms economy is growing  UpInArms   Jan-07-05 11:35 AM   #65 
  - Sheep Caller!  54anickel   Jan-07-05 11:42 AM   #67 
  - 12:35 EST and pumpin' it up over the lunchbreak  54anickel   Jan-07-05 11:38 AM   #66 
  - SnowJob continues the mouthfarting  UpInArms   Jan-07-05 11:53 AM   #69 
  - I'd like to say he's ly-y-y-y-y-y-ing, but there's probably some truth  54anickel   Jan-07-05 12:00 PM   #70 
     - George "Hoover" Bush  UpInArms   Jan-07-05 12:08 PM   #72 
        - 185,000 per month? That's the stinkin' goal now? That's barely  54anickel   Jan-07-05 12:19 PM   #73 
        - Heh-heh, thinkg forward to what history would say, I sort of hope he ends  54anickel   Jan-07-05 12:42 PM   #76 
  - U.S. stocks edge higher; investors divided on jobs data (Reaching)  54anickel   Jan-07-05 12:52 PM   #77 
  - The wage crunch  RawMaterials   Jan-07-05 12:56 PM   #78 
  - 2:00 EST Market update  RawMaterials   Jan-07-05 01:05 PM   #80 
  - 2:09 snapshot  JNelson6563   Jan-07-05 01:11 PM   #83 
  - JINX!!! .....  54anickel   Jan-07-05 01:18 PM   #86 
  - 2:09 numbers - man that Nasdaq really wants 2,100  54anickel   Jan-07-05 01:11 PM   #84 
  - So maybe this is that blue light special on gold N/M  RawMaterials   Jan-07-05 01:09 PM   #82 
  - Yep, this is the start. I'm holding out for a bit of a deeper discount,  54anickel   Jan-07-05 01:16 PM   #85 
     - 418 gona look real good  RawMaterials   Jan-07-05 01:18 PM   #87 
        - Yes, it will. And the big B little argains don't last too long any more.  54anickel   Jan-07-05 01:29 PM   #88 
  - 2:35 and starting to sink  54anickel   Jan-07-05 01:38 PM   #89 
  - Splash o' blather  54anickel   Jan-07-05 01:43 PM   #90 
  - 3:00 EST Market Update  RawMaterials   Jan-07-05 02:07 PM   #91 
  - Snow Touts Social Security Overhaul  UpInArms   Jan-07-05 02:21 PM   #92 
  - HA! Now I can say with confidence, "He's ly-y-y-y-y-ing!"...n/t  54anickel   Jan-07-05 02:28 PM   #95 
  - U.S. stocks trade mixed; on course for weekly loss  54anickel   Jan-07-05 02:24 PM   #93 
  - U.S. Nov. consumer credit falls by record $8.7 bln  UpInArms   Jan-07-05 02:25 PM   #94 
  - Eww, that's way off expectations. More "surprised economists"? Hey, it's  54anickel   Jan-07-05 02:33 PM   #96 
  - pay no attention to those numbers! the cheerleaders shout  UpInArms   Jan-07-05 02:39 PM   #97 
     - Cripes, the market has basically ignored every freaking indicator  54anickel   Jan-07-05 02:44 PM   #99 
        - well duh Thats how pyramid scam are supposed to work  RawMaterials   Jan-07-05 02:49 PM   #100 
  - That's GREAT news!! Cummon, everybody! Pay off those Credit Cards!  loudsue   Jan-07-05 04:40 PM   #112 
  - or does it mean that consumer credit is running out?  cosmicdot   Jan-09-05 06:01 PM   #143 
  - as an associate on another forum wonders ... "are consumers ..  cosmicdot   Jan-10-05 05:49 PM   #146 
  - 2004 Job Creation Is Best in Five Years (Sheep call!)  54anickel   Jan-07-05 02:40 PM   #98 
  - are the sheeple that stupid , that they don't see that  RawMaterials   Jan-07-05 02:51 PM   #101 
  - stupid MFs that don't understand that not one freakin' private  UpInArms   Jan-07-05 02:53 PM   #102 
  - They tout him as some saviour, ya know. Things would have been  54anickel   Jan-07-05 03:08 PM   #103 
     - OUCH! MY EYES! MY EYES!  UpInArms   Jan-07-05 04:58 PM   #117 
  - Best since 1999 reported on NBC Washington, DC local evening news.....  FreeStateDemocrat   Jan-07-05 04:58 PM   #116 
  - Oh look, somebody flushed!...n/t  54anickel   Jan-07-05 03:10 PM   #104 
  - Closing numbers and blather  DanaM   Jan-07-05 03:12 PM   #105 
  - This ought to be rich! I can't wait to see what those blather author's  54anickel   Jan-07-05 03:17 PM   #106 
     - Nothing yet  DanaM   Jan-07-05 03:24 PM   #107 
        - 4:25 EST Market Update  RawMaterials   Jan-07-05 03:28 PM   #108 
        - Bit more to that blather...  54anickel   Jan-07-05 04:19 PM   #110 
        - Ah, if I knew the answer to that I'd be rich!!! Well, you certainly  54anickel   Jan-07-05 04:15 PM   #109 
           - Maybe the fall of the dollar has stopped.  spotbird   Jan-07-05 04:37 PM   #111 
              - I don't think so. It's just taking another pause along the way...  54anickel   Jan-07-05 04:42 PM   #113 
                 - Why?  spotbird   Jan-07-05 04:44 PM   #114 
                    - I just edited that first response with some of the reasoning. As for the  54anickel   Jan-07-05 04:58 PM   #115 
                       - Thanks.  spotbird   Jan-07-05 05:20 PM   #118 
                          - I agree  DanaM   Jan-07-05 05:34 PM   #119 
                          - selling the home to down size  RawMaterials   Jan-07-05 05:42 PM   #120 
                             - Unless you're in an area that isn't going to crash  spotbird   Jan-07-05 05:58 PM   #121 
                          - Heh-heh! Be sure to wrap them up in ziplocks before putting them in  54anickel   Jan-07-05 06:58 PM   #122 
                          - Shoot, there isn't a way to protect oneself.  spotbird   Jan-07-05 08:20 PM   #125 
                          - A bit more detail on that Consumer Credit report  54anickel   Jan-07-05 08:01 PM   #123 
                             - So they're all maxed out  spotbird   Jan-07-05 08:18 PM   #124 
                             - 5% in one month?  trogdor   Jan-07-05 09:28 PM   #126 
                             - look for more surprised economists  UpInArms   Jan-07-05 09:41 PM   #127 
  - this info on the stock market is all well and good  ashmanonar   Jan-07-05 11:07 PM   #128 
     - the Stock Market Watch  UpInArms   Jan-07-05 11:49 PM   #129 
        - well, i don't doubt the value of watching the stock market  ashmanonar   Jan-08-05 12:22 AM   #130 
           - That would be it!  mojavekid   Jan-08-05 04:02 AM   #131 
           - Good morning Mojavekid!  54anickel   Jan-08-05 04:40 AM   #133 
              - And Good Morning to you 54anickel!  mojavekid   Jan-08-05 05:27 AM   #134 
           - Not to sound rude or harsh, but your defeatist sounding attitude is  54anickel   Jan-08-05 04:34 AM   #132 
              - if i had the money, i'd probably have some squirreled away somewhere...  ashmanonar   Jan-08-05 11:21 AM   #135 
                 - Ashmanonar, I don't have any money, either!  loudsue   Jan-08-05 11:48 AM   #136 
                 - Well said, Loudsue!...n/t  54anickel   Jan-08-05 11:55 AM   #138 
                 - Thanks, 54anickel!!  loudsue   Jan-08-05 01:36 PM   #142 
                 - ok, i understand where you're coming from.  ashmanonar   Jan-08-05 12:09 PM   #140 
                 - Ahh, and there, my friend, have you hit upon the million dollar question -  54anickel   Jan-08-05 11:51 AM   #137 
                    - true  ashmanonar   Jan-08-05 12:06 PM   #139 
                       - You ask a good question  JNelson6563   Jan-08-05 12:38 PM   #141 
 

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