If not for the manipulative efforts, there appears to be little legitimate trading volume left to the Comex metals.
The usual games overnight, and a bounce back to the magic 1300 level for gold.
The Jobs Report sucked out loud, despite the 'better than expected' headline jobs number which in my estimation was largely a contrivance, based on a skew in the seasonality and a rather large Birth-Death model addition.
The unemployment percentage is largely irrelevant now, given all the tinkering they have done with the long term unemployed who are no longer counted among job-seekers. The hourly wage remains stagnant, not keeping pace with prices.
Have a pleasant weekend.
