The US reported that unemployment dropped to 10% in November; the market reaction to this has been swift and adverse to those betting against the US dollar – as of this writing, the Euro is down 1.7% and Gold is down 4.0%.

If it takes just one report to get the market jittery on their ultra-bearish stance against the US currency (and by definition this means pro-Gold), I wonder what will happen when any other “good for USA” news comes through the pipeline – there must be a huge amount of traders out there that are going to get caught in the wrong position and start scrambling for the exits.

This is probably just a shot across the bow for these people – I wonder what will happen when there is a direct hit.