In all of the Independence Day/weekend hoopla, Mrs. Clinton be interviewed by the FBI and the burning of my hotel - The June U3 unemployment rate was buried.
In short it went up
20 bpnts - 4.7% to 4.9%. U6 remained flt at 9.7%.
Gold up ~$110- month over month to hit a high of $1,385 an oz. Today it is at $1,355 a ounce. I have read several articles that the new hurdle for gold is $1,450. I suspect we will see it bounce between today's price and that new ceiling for the next 30 days. If it stays above the ceiling of $1.450- the market will most likely adjust by similar percentage. For example, if gold goes up 5% the market will correct downwards a similar percentage.
In closing, just for kicks and giggles watch both, sticks and PM's during the GOP/DEM conventions.
