Friday Morning Market Thoughts

Friday Morning Market Thoughts

Boom!  Nonfarm payrolls 54k vs 169k concensus expectations.  The futures shaved off a quick 15 points on the back of this and are hovering around the $1295 mark. Yesterday's trade was marked by consolidation, which was to be expected after...
Silver Looking More Constructive Again

Silver Looking More Constructive Again

We're playing this very carefully, but Silver did now construct a fairly solid bottom.  As of this morning it is moving up to the $35.80 mark again, which has served as resistance on a daily closing basis for the past nine trading days.  A move above...
Friday Afternoon Charting Fun: Gold

Friday Afternoon Charting Fun: Gold

A little perspective on the move in gold should go a long way.   The inverse head and shoulder pattern that developed from November to March hit it's ultimate target almost to the dime near $153 (on the GLD).     After the recent 6.5% correction the...