November Non Farm Payrolls came at 321K vs. 231K consensus. Temporarily stocks like it and bonds are not responding to this strong number. However, as the day progresses, large institutions may start taking some profits.
Gold first fell out of bed on this number as it should have, then the momo crowd started buying it aggressively.
Our very, very short-term early stock market indicator is negative.
Gold futures are at $1197, silver futures are at $16.38, and oil futures are $66.44.