Stocks and Precious Metals Charts - Light NFP

Dec 4, 2020 at 4:53 PM EST

The Dollar rallied a few cents but failed to take back the 91 handle. Gold and silver held their levels, which is not the usual case on NFP day.

The Non-Farm Payrolls number came in very light this morning.

Stocks rallied on expectations that there will therefore be more stimulus coming.

The Dollar rallied a few cents but failed to take back the 91 handle.

Gold and silver held their levels, which is not the usual case on NFP day.

Let's see what the next week brings.

Markets tend to be buoyant and quietly boosted in December.

Have a pleasant weekend.

(Click on image to enlarge)

Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

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