Friday, January 10, 2014

So let's see what happens with gold on this jobs report

So apparently, the jobs report today was horrible, though there are ameliorating reasons for it that I'm sure Bill McBride has already explained on his blog.

Nevertheless, gold jerked up and the markets jerked down. Which (I think) is one hell of a tell when your jobs report is actually very ambivalent.

So it'll be interesting to see how much Whitey's gold position was dependent on the assumption that the jobs report would come in really good.

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