This post was just published on ZYX Buy Change Alert.
Both gold and silver spiked on weaker employment data. For details please see the morning capsule on the Real Time Feed.
The upspike makes sense because the Fed is targeting the unemployment rate; the Fed plans to continue with QE until unemployment falls to about 6.5%.
As per the prior post on the Real Time Feed we were ready to issue a very, very short-term trade signal, however very light selling from Smart Money came into the strength, therefore a trade signal was not issued due to the increased risk.
There may still be a very, very short-term trade today in gold or silver. Please stay tuned to the Real Time Feed.
