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Flip Fantasia

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Once again, in the milliseconds after the monthly jobs report hit the wires, algos proved themselves unreliable to stating a correct direction.

Liquidity moves markets!

Follow the money. Find the profits! 

After the ridiculous run-up in prices that’s been happening all freakin’ week, it’s nice to see the ES has stalled out. I guess excitement over a deadly viral pandemic can only take you so far.

I remain bullish on precious metals miners and gold itself…….

…….as well as bonds……..

I came into the day quite aggressively positioned, with 48 shorts, 2 longs (GLD, TLT) and 217% commitment. The extraordinary strength in the jobs market was a powerful story when stocks were relatively cheap, but it seems to be having a dampening effect now.

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