Member Info for SteveJones999

US jobless data is just one of the many pieces of data that impacts markets and gold/silver etc. It's impact is generally less than say NFP monthly data (unless wildly an outlier), but, like another data, it's impact depends on the state of any other data released at the same time and/or the state of many any data points at the time of release.
As always- life is never as simple as your question requests alas.

All data released is lagging data, the US Jobless less so than most as weekly stat

I’ve been posting my views on this board on crypto for years- people know my position and views :-)

Crypto is up too-

Here's another one from investing.com- I hope this comes true lol
https://uk.investing.com/news/cryptocurrency-news/bitcoin-could-hit-100000-by-end2024-standard-chartered-says-2994145?utm_source=responsys&utm_medium=email&utm_campaign=Daily_Digest&utm_term=Editorial_DailyDigest_V3_UK_962168&utm_content=cta_button

As always, there are as many bearish as bullish and vice versa- lol. Like I’ve always said, things can only go up to down , so people can write a millions words and provide a million charts or just a sentence or one chart- each has 50/50 chance of being right that’s about it lol. I prefer to thing of future events deciding what happens rather than past ones dictating the future… the world is littered with bad predictions based on past performance

It’s a no brainer at the mo, especially after the last set of results.
At some point the “drop” of inflation will accelerate and gold will shine as will this- gold has stayed well considering the hawks in the FED…

New comedic is thin on the ground- social media puritans, pc puritans wrecking everyone else’s fun- the living for others and respecting the majority has vanished into the world of total naracism we now live in- we know longer have the truth, just “our own truths”, “you cannot offend me”… the world’s gone bonkers

In case you wondered why gold just got whacked- although wait to see how the liver and shakers interpret it …

It doesn't work like this alas Paul- there are many factors including sentiment (which is less rationale)- 6th Jan2023 (3.5months ago, CEY was 125.5 and gold was 18,866)... But gold rose from 1,629 to 1,866 in only 2months(CEY rose 40% and other PMs flew too) as it looked like inflation had topped and dropped.
Since then (CEY has dropped about 18%), despite gold increasing from 1,866 to where we are now (so another ~120), but it took almost twice as long as previous rise with about half the increase and did drop quite a bit before rising again in this timeframe. during this time, the feeling is that inflation drop has/is stalling... hawkish FED etc.
My point is, absolute values don't matter, if they did (and RNS were good), then CEY would be above 125.5, and not down about 18%.
Long term remains strong though- let's hope inflation drops quick, which it should do soon, then CEY will reflect this (without any poor RNS on company stuff)

Now please resist from replying- remember, I'm on filter so you can't read it :-).

No one believes you Bushy- you post too much twaddle on multiple forums- and I've no idea how you could read my post and you said you'd filtered me (yep, another lie) after me exposing you for the silly boy you are.

BushyTailed
Posts: 2,060
Price: 105.70
No Opinion

Cant be bothered...Mon 22:25
Steve, you're filtered but good luck

Could be but I think it's more why is always back loaded EVERY year?

Interesting point Rebess- am not sure why that is but am sure someone will provide the rationale- it's always the case here.

Lucky- “ USD not making any meaningful move up right now, can be interpreted even more bearish for POG”
This is simply incorrect- USD not moving up, can only be interpreted as BULLISH for gold, not BEARISH. I follow my own advice, but correct where information posted is simply incorrect.

Well done on looking up today lowest trading value for hochs today in google :-)

Some being released as per calendar.
And Wally speaks (oops I mean Waller(Guv FED)) on crypto- he was hawkish last week on inflation so I won't expect of any positive comment- reminder of what he said on inflation last week : https://www.forexlive.com/centralbank/federal-reserve-speakers-coming-up-waller-on-crypto-mester-logan-bowman-20230420/

Yep, I had my tongue squarely in my cheek, hence the smiley face at the end :-).
Doubtless any recovery will be superseded by "glad I bought in at the low point, it was obvious that this was a necessary correction and the bottom was in - due to my chart analysis"... :-)

Here you go Lucky- you posted it yesterday:
"LuckyLuciano

Posts: 2,395

Price: 105.80

No Opinion

RE: GPWed 13:10
Is likely coming 25bps rise plus ending of Indian Gold purchases season (to a lesser extent) will keep gold price under pressure for a while.
USD not making any meaningful move up right now, can be interpreted even more bearish for POG.
Again all eyes on next key economic data for directions, one thing is sure though (imo) USD destiny is downward."

With the amount of people that claim to have sold out yesterday before today's big drop to ~-16%, I find in incredible that the SP didn't get hot hard yesterday :-).