Gold…Food for thought…

Last month on unemployment the Gold was $140 higher. Will we get another unemployment swoon, or will we revert back to the norm of the past few years and put in a trad able low for the rest of the month? We’ll be monitoring this closely.

Sustained price action over 1630 would be positive Gold. As of now 1597-1600 Gold and 28.75 ish Silver look to be the key hold levels.

We’ll continue to watch USD/CAD. Yra’s comments in Notes were very interesting last night. He’s been ahead on this thinking of a strong Canada basis a host of currencies.

Strategists from G.S. on down are recommending positions Long Cad/ short something else. A close under 101.70 USD/CAD ( App 98.25 H Futures) would be positive the Loonie today.

In general, the direction Sunday night into Monday should be more telling than what happens today across most asset classes.

Short term players…Trade what you see.

Model Trading Portfolio…Current Holdings

No positions