For years, we've been conditioned to believe that a "good" jobs report is "bad" for Comex gold and silver. Why? Because it almost always was. But it's critical for you understand that, going forward, things have changed.
Now you might think...whaddayamean? The Comex metals are down today after a "good" US jobs report. But the metals aren't down due to the report. The metals are down because:
- as discussed yesterday, they remain heavily overbought and ripe for quick plunges as late coming momo-chasers are easily chased right back out
- the POSX is up on an...