1274.50 is critical on the close. if we can hold this on the close COMEX. It will set up more buying fro next week. with a test of 1294 to 1296. Negative Payroll revisions are bullish for gold. after all the entire BLS is an excuse to massage the data in the way that benefits the banks et al. if not we would use the form #941 and the EXACT number of people working could be reported with a mouse click. no need for surveys, birth death, seasonal, weather, you name it. Auto sales are down channel stuffing is large (especially at GM) Does anyone say that a June hike is definite now? if they do hike in June the guidance will be benign.
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