Quoted:
Gold took a nice little jump around 10:30 this morning. Was some bad economic data released?
You know... I am no expert - but I wonder how much has to do with simply the dissemination of information. We all see GDP numbers released and talk about the effects of government "stimulus," we see Ford's profit margins and know it's job cuts and CFC. We see shipping down/up and back again depending on the data used.
Perhaps there are big moves going on, but different managers (meaning the bigger funds, etc) are trying different plays based on differing opinions on what's next. THat's why one guy on Bloomberg says the recession is over, the next guy on Breitbart says "watch out for the double-dip" and then we have other guys arguing over V or U shapes, etc.
Then again, maybe Goldmann Sach's is just trying to make some money and contributing to the volatility with HFTrades?
I doubt these swings are from the "little guys" on E-trade buying 10 stocks at a time over lunch.
ETA: if I had to wager, I'd say the DJIA swings are mostly goldmann sachs conning the markets. I'd say gold probably has a lot to do with China and large banking institutions moving into and out of dollars versus PM's.