Loading ...I don’t see the numbers yet but the dollar is soaring along with rates. The only surprise is that we aren’t getting hit even harder. The shares took it on the chin yesterday for no reason except that the insiders knew the numbers and sold in advance.
Depending on what the metals do, it wouldn’t even surprise me if the shares finished higher today.
Almost looks right now like shorts are covering into the selling this am. SLV down $.15 and GLD down $1.15. I would think we’d be down a lot more, like $1 in silver and $50 in gold given the strength of the dollar and rates. Maybe that’s how we’ll end up, but the metals don’t seem super interested in what either are doing at the moment.
As I’ve typed the numbers came in and were a HUGE beat. 223K vs expectations of 125K, unemployment rate ticked down to 4.1%
Metals and shares starting to sell down a little more now. Whatever.