Stocks and Precious Metals Charts - Jobs Report Tomorrow

As I noted last night, 'There appears to be some divergence in the relative perceptions of market risk'.

The tide was already receding a bit noticeably as the pros and insiders continued to take measure to lock down their gains.

And so today there was a small break in the market, led downwards by the 'story stocks' and megacaps.

The VIX got some legs higher.

But the Dollar, gold and silver all sold off a bit.

This might have been due to some liquidation of assets to meet other demands, like margin calls and gaps in the old account.

Or just as likely it was shenanigans on the eve of the Jobs Report out tomorrow.

The inventory of physical gold in the Comex Hong Kong warehouses remains remarkably thin.

There will be no sustainable recovery, until meaningful reform occurs.

Have a pleasant evening.

(Click on image to enlarge)