Negative US sentiment fuels gold rally

Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen. So when negative news about the economy came out this week, along with the U.S. Labor Department reporting that the country added only 88,000 jobs in March, investors found reasons to be encouraged.

Just as every coin has two sides, every data point that doesn’t meet expectations usually has an upside somewhere. For instance, although the gold price has fallen with the strengthening U.S. dollar, the yellow metal is appreciating in Japanese yen. So when negative news about the economy came out last week, along with the U.S. Labor Department reporting that the country added only 88,000 jobs in March, investors found reasons to be encouraged.

Gold took a beating Friday. But this was more than just a sharp selloff… Gold is now in a bear market. No, it won’t hemorrhage $100 a day until it hits zero. But it will continue to trend lower once the shock of this initial downward push wears off. The great golden decade that saw prices leap from $300 to almost $2,000 is finished. Here’s how it all went down:

Sold At The Top submits: The latest release of the Federal Reserve Bank of Philadelphia Business O

Sold At The Top submits: Today, the Federal Reserve Bank of Philadelphia released the results of their Business Outlook Survey (BOS) for May showing a slight improvement in manufacturing activity for the Philadelphia region with the current activity index increasing to 21.4.

Sold At The Top submits: Today, the Federal Reserve Bank of Philadelphia released the results of their Business Outlook Survey (BOS) for February showing a slight improvement in manufacturing activity for the Philadelphia region with the current activity index increasing to 17.6.

By Stoyan Bojinov:Stocks oscillated between positive and negative territory on Thursday as investors reacted to mixed economic data. Despite the early morning rally, investors gave into selling pressures following a number of disappoint earnings reports; AT&T and SanDisk both missed analyst expectations, tipping the tech sector lower for the day.

By Sold At The Top: The latest release of the Federal Reserve Bank of Philadelphia Business Outlook Survey (BOS) for September continued to indicate dramatic weakness in the region's manufacturing activity with the current activity index remaining at