Market Watch with Tom Waitt

April_4th_2012.mp3 ADP Employment Report    Global money flows are seeking a safe harbor moving into the U.S. Dollar displacing Gold as a store of value. ADP Employment Report (Click For Larger Picture) The U.S Economy is seen as the safer economy in the World with low interest rates an accommodating Central Bank and improving employment levels. Global participants are buying dollars leaving other currencies including gold now off over $300 from recent highs. Global markets are in disarray, uncertainty and fear rules with global 24 hour a day media reports highlighting the debt crisis in the Europe. Friday's Unemployment report will be released on Good Friday when most investors are away with the major stock markets closed causing many to react today in a defensive manner. Dollars when they are recycled back to the U.S. for the most part have to be supplied by foreign central banks from the sale of their holdings of U.S. Treasury Securities. This means interest rates will ulti