Stocks and Precious Metals Report - I See It Coming

The Jobs Report came in a little light this morning, despite a determined effort to adjust it upwards.

The solution was to pretend that it didn't and focus on other, more pliable numbers like the short term unemployment rate.

Despite this, stocks sold off rather hard, hitting deep into the Fibonacci retracements. I am still struggling a bit in placing them, given the distortions of the markets. More data may clarify them.

But again, the solution was to wait until the rest of the world went home for the evening, and the markets became quiet, and try to paint the tape positive.

M2 is running at 23% growth, year-over-year.

Distorting and distracting has become the method to their madness.

This is like a bad remake of the Dot.com bubble and crash, with lower morals and pervasive effects.

I see it coming. I do not know yet when it will arrive in force. But we are on our way, with a will to it.

The US markets will be closed on Monday for the Labor Day Holiday.

Have a pleasant weekend.

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