You are exactly right. That report was aimed squarely at PMs. (silver was threatening to trigger a buy signal above $30)
Look forward to many such negative reports going forward with the politization of everything. (they must keep PMs down in order to install the control state)
That said, and even though they have PMs back under control today, I am looking for some more ‘easy bake’ jobs numbers on Friday.
Some traders will be taking a four-day long weekend with the markets closed Thursday.
So, this could really send the tech shares flying. (new highs?)
Yet another reason to sell PM’s. (who needs them when you have NVDA falsified earnings at 100x)
Chuckle