Trading Friday is likely to be extra-important regarding the near-term technical posture of the gold market, and especially since Friday is the last trading day of the month and of the quarter.
FORBES: Comex Gold Up On Short Covering, Bargain Hunting, Bullish Outside Markets
Thursday is the last trading day of the month and of the quarter, and portfolio managers were also likely more active in position adjustments, which also likely put some downside pressure on the metals.
FORBES: Comex Gold Ends Lower on Better Investor Risk Appetite
Friday is the last trading day of the month, and of the quarter, which makes it an extra important day, technically.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady; Bulls Still in Technical Command
Goldman repeatedly emphasized with second-quarter earnings last month that the bulk of its trading activities were done on behalf of clients.
As for his current company, McEwen Mining commissioned the El Gallo 1 mine in Mexico last month and hopes to begin construction in the third quarter of this year on El Gallo 2.
FORBES: Rob McEwen Looks For Gold To Keep Rising As Nations Run Up Debt Levels
Another company edict was that no one in sales could take a vacation in the last month of each quarter, when deals typically close.
According to the U.S. Bureau of Labor Statistics, the number of layoff actions fell 29% from the same three-month period last year, and dropped 56% from the last quarter of 2012 when there were 2, 123 mass layoffs in the private sector.
Some bargain hunting and short covering are featured on this last trading day of the month and of the quarter.
Alltel also reported a record gain of 230, 000 new subscribers in the last quarter, and a record low churn rate, which measures the proportion of customers leaving the company each month, of 1.8%.
Our economy added nearly a quarter of a million new private sector jobs last month, and the unemployment rate is at its lowest level in nearly two years.
But figures released late last month showed that growth slowed unexpectedly in the second quarter of this year, to just 3%.
The country revised up its gross domestic product figures for the October to December period to show a 0.2% increase in the quarter on annualized terms, compared to last month's initial reading of a 0.4% contraction.
Mrs Gillan said last month that she believed the Welsh powers referendum should be held in the first quarter of next year.
BBC: Call for assembly powers poll on day of two other votes
On Thursday, the Commerce Department affirmed its estimate from last month that the economy grew at an abysmal 0.6% in the fourth quarter of 2007, down from 4.9% growth in the third quarter.
The government has taken measures such increasing the limit on foreign investment in several sectors to boost the economy, while the central bank cut its policy interest rate by a quarter of a percentage point last month.
In a presentation last month, Einhorn outlined a number of inconsistencies in Lehman's first quarter financial report and raised the more basic concerns that the company needs to provide more and clearer disclosures about its exposures, and raise more capital and reduce its leverage.
Last month, developers backed down over a plan to rename the Broadmead area of Bristol Merchants' Quarter, as this was considered potentially offensive.
BBC: NEWS | UK | England | Bristol/Somerset | City 'should apologise to slaves'
Just last month, Jefferies analyst Peter Misek already cut his estimate for iPhone shipment volumes for the first quarter of 2013, saying Apple had to "balance excess inventory" by cutting orders to suppliers.
Then there is the Atlas Cold Storage Income Fund (whose underlying firm is a warehouse operator generating most of its revenue in the U.S.), which suspended its third-quarter payout last month after admitting it had goosed prior profits by capitalizing some expenses as assets.
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