Well, we got a huge ADP jobs number, 297K. That is going to get the juices flowing for the bull crowd. The market always moves ahead of the economy, and the last thing to move is jobs. Once companies start hiring, most of the good news will already be reflected in higher stock prices. Yet, we still have a gap down because of weakness in Europe.
Gold is selling off here and I am putting a leg in here on the long side. This will be a long term trade. I want to ride the bubble. I believe we will see huge upside in gold for the next 6 months.
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2 comments:
If MO is finally going long, I am shorting!!
Short gold if you like. I like my odds on the long side at these levels.
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