1400 just pippedthree possible scenarios
1) NFP is a blow-out to the upside and enters into the realms of fairy
tales. This will rally the dollar and allow the cartel to hammer the
precious metals. BUT this fictional view of employment would imply that the
economy is improving and so interest rates could be expected to be raised
soon. This would push the long bond over the edge in a serious plunge.
2) NFP seriously misses expectations in which case the dollar sells off (it
has plenty of helium to release because of its ridiculous recent rally) and
the precious metals head to the races with gold and silver breaking
$1400/oz and $29/oz respectively. The bond market could be manipulated into
some sort of rally on the basis that interest rates need to remain low.
3) NFP is a slight “miss” which is not massively market moving such that
the Long Bond can be manipulated into a weak rally and the precious metals
are capped below the key resistance levels and the dollar declines
somewhat.
tick tock tick tock....