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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 387.98+1.3%Nov 28 4:00 PM EST

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From: ItsAllCyclical4/6/2006 10:54:05 AM
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Any bets on how will gold react tomorrow on the jobs number? I suspect as do many that the number will exceed estimates if no other reason than they'll simply use the birth/death model to do so. In this scenario does gold go up on inflation concerns or selloff due to higher perceived US interest rates?

Right now I'll say an initial selloff followed by gains later in day or monday. We've come this far I suspect we'll at a minimum test the 600 level. Still looks like the PMs are getting heavily shorted/sold into every rally (at least the ones in the indexes).

No ST targets for the HUI. Right now still playing NG, DROOY, GSS, GRZ in the PMs.
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