This morning’s unemployment data came out a bit lighter than expected, with non-farm payrolls up 151,000 versus consensus figures of 175,000.
This has given the metals the fundamental reason to bounce, which I told you to expect. That’s all it is, a bounce. We should see the downtrend resume right after the holiday weekend.
Hold all positions and related stops, and have a wonderful Labor Day holiday.
Best wishes,
Larry
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