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I'm going to have to make this short because I have some family things to do after the close, but suffice to say that there were buyers on the first day of the month in pretty much everything except for crude oil, which was hammered for 5%.
Gold, silver, and GDX all continue to coil tightly and once again recovered their 5 dma today. So the hand to hand combat between bulls and bears continues within an increasingly tight range. My guess is we may finally get a resolution of that battle on Friday when we get the jobs report, but we shall see. One way or another, we're going to get a big move soon. The only question is direction.
I made no changes to positions and remain flat in the metals.
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Disclaimer: Lance
Lewis periodically publishes columns expressing his personal views
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