I’ve been watching the yield on the 10 yr bonds. They should have been higher the last two days when the SM rallied yet they’ve been stuck at 1.86%.
IMHO that is not a good signs for the SM or the economy and is a very good sign for gold.
I’ll be surprised if they can bring the SM back today but I get surprised a lot.
Shares starting to drag the metals higher now. I don’t remember ever seeing gold reverse higher on a jobs report day.