Stocks And Precious Metals Charts - Paper Chase - Jobs Number: Desperately Seeking Goldilocks
Stocks managed to stage a relief rally and hold the gains into the close.
The Dollar chopped sideways around the high 106 handle.
Gold and silver managed a bounce off the deep low of yesterday.
Non-Farm Payrolls tomorrow morning can move the markets based on perceptions of the performance of the economy and its effect on the Fed's decisions.
As we can see from the Comptroller of the Currency chart below, derivative bets on precious metals held by US banks exploded in notional value.
What could go wrong?
Have a pleasant evening.
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More By This Author:
Stocks And Precious Metals Charts - Stocks Come Back
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Stocks and Precious Metals Charts - Churn and Burn Friday - Non-Farm Payrolls Next Week
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 ...
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