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Not Much Action but Don’t Get Careless

Saturday, November 5, 2016 18:50
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traderdan.com / Dan Norcini / November 4, 2016,3:36 pm

The payrolls report came in pretty much as expected and thus seems to be a non-event for the most part.

The Dollar is slightly weaker, bonds are higher, oil is lower and gold is a tad higher. Mining shares are showing weakness today.

I honestly do not think we are going to get much in the way of any CONSISTENT direction in these major markets ( with the exception of crude oil) until after the election results become clear.

Oil is at a 6-week low with the Baker Hughes rig count up 12 this week to 569. Most of the growth is in the Permian basin.

chart_16-11-04_12-21-26

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The post Not Much Action but Don’t Get Careless appeared first on Silver For The People.



Source: http://silveristhenew.com/2016/11/05/not-much-action-but-dont-get-careless/

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