So the jobs report showed 266,000 jobs added - a huge number. Gold crushed down to the $1465 area immediately. How it recovers from this blow should shed some light on whether we will be able to crawl on up and outta this box we are in anytime soon.
there's something that Cots data may have trouble grasp on. it sure does look very bearish. I'm thinking of assets allocations at Wall Street. a few advisors starting to recommend 10% holdings in gold and I'm not sure if that reached out to the main masses and that takes years. but for the short term it doesn't spin the needle.