Estimate was 179k. Ten minutes after ,gold still holding up strong. Down only 50cents. A year ago gold would have tanked $50. Job tightness creates wage pressure, feeding inflation.
Gold closed up. Sliver real strong. If gold doesn't go down tomorrow on a oustsized non farm payroll I think will be extremely bullish for gold.
Unfortunately gold is already headed lower. I think we'll be seeing much lower at this rate.
Does ADP adjust for summer jobs ?
Alright , bear raid starts. Down $5. Factory order at 10am. Yellen speak at IMF at 11am. Tomoroow non farm payroll,unemployment claim, jobless rate and ISM.
Expect good numbers, Gold support at $1320, then 1310,then 1300. 1300 is critical for bulls. This maybe the last bear raid before second half rally starts.