Bonds and safe havens choppy

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals

The nature of this morning’s payrolls number is that it really does not clarify things as much as many of us would like. It is strong enough to keep the potential for a Fed rate hike in December but not strong enough to produce a rate hike next month when the FOMC meets, at least for now.
This is leading to very choppy, two-sided trading in the bonds, in the Dollar, in the Yen and in gold.
Here is a two hour chart of the long bond. Look at the long shadows on the those candlesticks.

This post was published at Trader Dan on October 7, 2016.