GS put out a note to expect a weaker NFP number overnight I think it was.
Not sure if they are looking to lure the market into a bear trap or not.
The way the market works though a weak number will probably see equities rally as it will be interpreted as positive with zero rates for longer !
I'm long gold again, below $1200, it doesn't seem to want to stay below $1200 but also not willing to push on higher either.
The market imo will be running out of fire power, so any push lower I think would see a quick rebound just as we have every other time over the last almost 2 years now.
I also think the market may be a bit gun shy for that very reason, hence why we are stalling here.
As I've mentioned before I think the chances hitting $1300 again far outweigh the chances of hitting $1100.
I like those odds ! ;-)
