Gold and What Moves it.
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Gold Chart Analysis 25 Jan 2013

Gold Chart Analysis 25 Jan 2013 | Gold and What Moves it. | Scoop.it
From www.annacoulling.com - January 25, 11:57 AM

The gold price continues to tease and exasperate gold bugs as each attempt to recover and move beyond the $1700 per ounce price point is promptly extinguished with a sharp reversal, which was once again the case in yesterday’s trading session.

 

From a technical perspective, and as stressed in previous gold market analysis, the $1700 per ounce price point is now taking on increased significance, particularly following the posting of an isolated pivot high on 22nd January which saw gold touch an intra day high of $1695.90.  This aligns almost exactly with the isolated pivot high of 2nd January at $1695.40.  These price points were further reinforced this week at failures at this level, virtually every day and confirming the weakness in gold which we saw yesterday, as the February GC contract closed at $1669.90.

 

From a fundamental perspective this lack of interest is partly due to the current move back into ...

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Charles Hugh Smith: Why Employment Is Dead in the Water

Charles Hugh Smith: Why Employment Is Dead in the Water | Gold and What Moves it. | Scoop.it
From charleshughsmith.blogspot.com - January 29, 11:23 AM

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising.


Let's start by reviewing the basics of employment in the U.S. Courtesy of the St. Louis Federal Reserve, here is the non-institutional civilian population of the U.S. (Note that the Civilian Non-institutional Population With No Disability, 16 years and over (LNU00074593)--roughly speaking, the workforce of the nation-- is 215 million).
Here is the percentage of the population with some kind of job: note this could be self-employment that earns $1,000 a year or a job with 4 hours a week; recall that 38 million American workers earn less than $10,000 per year, 50 million earn less that $15,000 a year and 61 million earn less than $20,000 annually. All these numbers are drawn directly from Social Security Administration payroll data. ...
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