WASHINGTON (Reuters) - The number of U.S. workers applying for unemployment benefits soared by 38,000 last week, posting the highest reading since September 2005 and reinforcing fears that the U.S. economy has stalled, government data on Thursday showed.
http://www.reuters.com/article/ousiv/idUSN0238149020080403
Seems to explain why everything has suddenly slowed down, precious metals took a bit of a hit as U.S. tries to do damage control.
That's one of the reasons I feel so good about owning NOT: it'll do well if the overall economy is booming, it'll do well in a sideways market, and in a recession and devalued U.S. dollar, where else to put your capital but precious metals?
JMHO