Thursday, July 6, 4:29 pm EST. The metals are just a bit lower. The market’s not closed yet, but the indicators are almost getting to that screaming point. Risk is quite wrung out now.
The same holds for stocks. As I seek to time the stock market, it is almost in the same place. Just one more day for both markets, stocks and gold, would put things in a very pretty place.
However, tomorrow morning is the monthly JOBS report, and supposedly that is what everyone is waiting on. I don’t know what it’s going to say, but if it says nothing bad, I would expect that just might be the fresh catalyst to kick things off. So, let us wait, and let us see, come 8:30 am EST Friday morning, shall we?