Loading ...Gold continuing to climb, now up $84, silver has settled in though, up $2.50. Dollar still flat, rates down slightly, oil down $.50, the SM futures positive and creeping higher.
The estimate for the jobs report is 90k, pretty low bar. Last month was a disastrous 48k.
I hate this setup as a pm bull, just because we’ve seen them run the tables on our metals so many times before after a jobs report. If numbers beat or even meet expectations, I suspect they’ll try to run them again. Old wounds will be reopened. If they miss, maybe we’ll have game. I don’t know.
The shares look great premarket. Let’s hope this pans out.