The employment numbers arrived at 235,000, with a 4.7% unemployment rate; a positive report.
Gold and Silver are beginning to rally. If miners close above yesterday’s high’s, then we should have a daily cycle low.
Prices should rally for 1-2 weeks, once the low is established. I’ll assess the rally/bounce for strength and durability. However, the odds currently favor a 6-Month cycle top and lower prices this Spring.
Note: If the cycle doesn’t bottom today, it could linger until next week’s FED meeting.