Gold is up $17.50
and silver is up $.25 in early trading.
Part of the reason gold is up so much is due to very weak payrolls
report by ADP showing a loss of 522,000 jobs in January. Moreover, massive losses from the automobile
sector, combined with job cuts are a serious problem for the overall
economy. This suggests further weakness
in the economy will lead to more stimulative activity by the Federal
government.
Gold is also
boosted by…
Original Post By Google News by Joe Battaglia
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