PINL:VLTAF - Post by User
Comment by
VentureTrader1on Jul 05, 2012 10:34am
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Post# 20084202
RE: School?
RE: School? Because the US jobs report is out tomorrow, and gold generally sells off in advance of that report. If the job numbers are weak tomorrow that will probably be taken as a signal that more QE will be coming soon and the price will bounce back. You can also watch for weakness at the end of each month when the Comex options expire, and usually volatility around the time the GLD options expire (with the rest of the US stock options, generally 3rd Friday of the month).
Or maybe it's just the vagaries of the market and the above patterns are imagined, or coincidence LOL.