The Palladium Gold Ratio is one indicator we used over a year ago to indicate 2013′s economic growth spurt.  Reference the most recent up arrow.  While the ratio is looking wobbly, a new down signal would only begin with a drop below the lower of the two moving averages and be confirmed by an eventual cross of the moving averages.

Palladium Gold Ratio, weekly chart (NFTRH 277)

The Payrolls data are a jumble of interpretations and misinterpretations.  The ISM was however, an unmitigated negative.  We’ll see if the likes of Pall-Gold and other indicators confirm in the coming months.