Seeking Alpha

Treasury yields jump, gold slumps after strong jobs print

Stock futures (SPY, DIA, QQQ) remain little-changed, but the 10-year Treasury yield jumps to 2.69% from 2.63% following the strong June jobs report which saw payrolls gain 288K and the unemployment rate fall to 6.1%.

TLT -0.6%

Gold tumbles, now off 1.4% at $1,312 per ounce.

GLD -0.9%

Previously: Jobs gain of 288K; UE rate down to 6.1%

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Comments (9)
  • andrewtoney
    , contributor
    Comments (100) | Send Message
    Labor force partecipation rate at 35yr lows,plus sluggish average hourly earnings(dipped to 2.0%y/y),very negative for decent consumer spending,not portend very well for 2nd qtr Gdp reading;so watch this knee-jerk reaction on Tlt,ready to sell puts.Regards
    3 Jul 2014, 09:40 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2080) | Send Message
    Think you might have accidently logged in here when you meant to log into Zerohedge.
    3 Jul 2014, 09:46 AM Reply Like
  • mike_simms
    , contributor
    Comments (106) | Send Message
    Why Rhianni is they where they actually look at facts of the economy.
    3 Jul 2014, 10:04 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2080) | Send Message
    If Zerohedge was ever even neutral of good news then we could say they look at facts.
    The US debt could be $0 with no inflation and 100% employment and they would find some way to make it the worst news ever.
    3 Jul 2014, 11:40 AM Reply Like
  • minecanary
    , contributor
    Comments (859) | Send Message
    What a crock. Gold 'slumps' every single non-farm payroll day w/a little help from the U.S. gov't.
    3 Jul 2014, 10:13 AM Reply Like
  • andrewtoney
    , contributor
    Comments (100) | Send Message
    Facts:TNX after the usual knee-jerk reaction,is all the way down;Trade deficit figures breakdown shows net trade balance (ex petroleum deficit) potentially subtracting 70 bps from 2nd qtr Gdp numbers,etc.Zero Hedge who?.Regards.
    3 Jul 2014, 12:09 PM Reply Like
  • David at Imperial Beach
    , contributor
    Comments (4363) | Send Message
    Kitco ended the day quoting spot gold at Bid/Ask 1319.60/1320.60.
    Yahoo quotes futures Gold Jul 14 $1,320.40 and Gold 100 oz. Aug 14 $1,319.40.
    So what's this $1,312 number?
    3 Jul 2014, 05:39 PM Reply Like
  • ddearborn
    , contributor
    Comments (141) | Send Message


    When ever I need a quick laugh I can always, always count on the editorials spewing forth from the pages of seeking alpha about why gold prices are down or going down. The impressive level of imagination, creativity and determination on display is a constant reminder of just how powerful and dark the forces working against the people really are......................
    4 Jul 2014, 08:03 AM Reply Like
  • andrewtoney
    , contributor
    Comments (100) | Send Message
    I notice that 8 people like Rhianni 32 reply on my first comment;really good,everything's fine.
    5 Jul 2014, 08:19 AM Reply Like
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