Stockerati

The unemployment report came out at 8:30 EST. The number of people filing for unemployment benefits rose by 16,000 last week to 404,000, only the second time in this cycle that initial claims have been above 400,000, the Labor Department reported Thursday. The four-week average of new claims rose to 10,250 to 390,500, the highest [...]

When investors panic, they turn to things tangible– gold and silver! The Iranian nuclear program just exacerbated the paranoia. From Bloomberg
Gold rose to the highest in almost 10 weeks on speculation that mounting tensions over Iran’s nuclear program will spur investor demand for a haven from market turmoil. Silver also gained.