Stocks and Precious Metals Charts - Markets Holding Their Breath Ahead of the Payrolls Report

 

“Son of man, these people have set up idols in their hearts.   They hold on tightly to the things that will make them fall into sin.  Should I allow them to inquire from me at all?" 

Ezekiel 14:3 

 

"And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the judgement of the Lamb.'" 

Revelation 6:16 

 

Stocks were moving sideways today, with small caps show some outperformance.

Gold and silver moved a bit higher, but still no clean breakout.

The Dollar rally failed in the afternoon.

The markets are keenly interested in the Non-Farm Payrolls report on Friday.

The market is riding a crest of easy money from the Fed.

They are watching closely for any signs that the party may be over.

And the Fed assures them, again and again.

Have a pleasant evening.