06 December 2013

SP 500 and NDX Futures Daily Charts - Stocks Rise On Peachy Jobs Report


Stocks rose sharply on better-than-expected Nonfarm Payrolls report.

What happened to all the fear about the taper?

The tape will be painted into the year end. There are a lot of hedge fund and trading desk bonuses at stake.

Have a pleasant evening.






05 December 2013

Gold Daily and Silver Weekly Charts - Non-Farm Payrolls Tomorrow


"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage."

John Kenneth Galbraith

There was intraday commentary on the leverage against deliverable gold on the Comex here.

Gold was under some renewed downward pressure today ahead of the Non-Farm Payrolls report tomorrow.

About 10,000 ounces of gold were added to the deliverable inventory at the Comex yesterday.

Have a pleasant evening.






SP 500 and NDX Futures Daily Charts - Up Is Down and Down Is Up


GDP came in better than expected for Q3 this morning.

Stocks were shaving off points as concerns about 'the taper' were floating around the pool.

Tomorrow is the Non-Farm Payrolls and expectations are leaning higher.

Have a pleasant evening.