GOLD 0.51% $1,391.7 gold futures

'Amazingly' good NFP figure and GOLD/SILVER rises !

  1. JFI
    6,837 Posts.
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    All I can say is I got the NFP payroll figure totally wrong. I was convinced that the figure would come in much lower and am shocked that it reached the level it did for June. I cannot fathom it. I am presuming at this stage that a revision will send it much lower. I am sure the figure is correct ? ? ?

    But as to my call that a terrible NFP figure would send gold and silver hugely higher… Well that did not happen. Instead we had an 'amazingly' good figure and GOLD and SILVER dropped some then went on a huge run and ended HIGHER.

    If NFP had been the disaster I anticipated GOLD and SILVER truly would have gone to a silly high level that is for sure.

    I have more confidence now that this is going to be the mother of Bull markets for gold and am doubling down monday.

    Weird, unreal and grateful monday will be green for gold/silver's given the amazingly high NFP figure.

    I am going to suggest this will be the last 'amazingly' great figure out of the States for a while…

    JFI
 
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