The Jolts Report: The Worst Chicago PMI Since the Financial Crisis

This is like the worst Chicago PMI since the financial crisis. We've been in recession for a long time according to this number and it's actually getting worse. When this number came out initially there was a sharp rise in the price of gold about 10, 12 dollars immediately Gold spiked when thisNumber came out because this is bad news on the economy. But then about 15 minutes later we got the jolts report and then gold lost almost the entire rally. It didn't quite go negative. It went from up like 10, 12 bucks to maybe two or three dollars.