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Downside risk is flaring in China, Europe & the US

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The Global Credit Powderkeg
And markets are totally unprepared


Gold & Silver Update

Gold fell -2.60 to 1165.20 on moderately heavy volume, and silver rose +0.13 to 15.65 on moderately light volume.  Gold sold off steadily starting in Asia and London, only to rally sharply immediately following the Nonfarm Payrolls report at 0830 EDT, which came in unexpectedly soft, pushing gold back up to almost even and printing a hammer...

Today's Market

H 1,169.88
L 1,165.57
H 15.71
L 15.62
Crude Oil (Brent)
H 63.72
L 62.28
S&P 500
H 2,085.06
L 2,071.02

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