"The metals made it through another Non-Farm Payrolls report reasonably well. I will not be surprised at all to see the gold bulls take a sharp gut check at least once next week".

Jesse, 5 April 2019

I think most would agree that today qualifies as a 'sharp gut check' for the gold bulls.

The Dollar was up marginally. Silver was knocked down to the 15 handle.

Stocks were wobbly and weak. 

But there are some more IPOs hovering in the wings so as long as volumes stay light the professionals will continue to prepare and maintain the launch pad for the latest round of flying pigs.

Julian Assange was turned over by the Ecuadorian government and arrested in the UK today. There is a comment and an illustrative story from history here.

It was funny in a very sad sort of way watching the Hillarians on MSNBC tying themselves into moral knots trying to justify the arrest and detention of Assange. I could only bear a peek or two, because it is a difficult thing to watch.

Let's see if this smackdown on gold is just a one-time thing to clean out the specs who were leaning into their leveraged metals positions and miners, or not.

Have a pleasant evening. 

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