Gold fell -4.70 to 1143.80 on moderately heavy volume, while silver dropped -0.12 to 14.94 on moderately light volume. Once again, a strong dollar is giving gold heartburn.
Gold made a new low today at exactly 08:30 EDT, at the time of the jobless claims report. The report didn't look that interesting to me, but it appeared to cause gold to spike down and the dollar to start rallying. Gold's violation of the prior low at 1141.60 is a bad sign, and suggests we will probably test 1130 in the not too distant future.