Stocks And Precious Metals Charts - NFP Tomorrow

Stocks continued moving higher, fueled by a renewed optimism of the 'Fed Put' which is another term for the official backstopping of speculation in financial assets.

The Dollar rebounded a bit in the afternoon and so gold and silver pulled back a bit from the highs.

Gold, in particular, is just on the verge of asserting a breakout, but the Chinese week-long New Year's festival looms large next week, right after the Non-Farm Payrolls. 

The deliveries have started on the February gold contracts, and the clearing report for that action is below. A large JPM customer was the selling, and the house accounts of Wall Street Banks were the stoppers.

Non-Farm Payrolls tomorrow. It will be interesting to see how the market reacts if it is overly strong, or overly weak.

Have a pleasant evening.

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