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Thursday, August 01, 2013

NFP

Non farm Payrolls in the morning, we grabbed a Sept 169 Put call on  SPY for  this all important number. Stocks are at all time highs and the WORLD is anticipating a solid jobs # based on the past couple of days numbers out of the US. I believe the markets are setting themselves up for a major disappointment and I would not be surprised if we get a much weaker than expected job number early Friday morning. Here is some food for thought, the FED was terribly bearish yesterday, does anyone not think that they do not know how the job number is going to be? Again, I could be wrong, but I have been around long enough to know better. If we do not get a number close to 200,000- watch the dollar come unraveled and GOLD fly! $1350 is a possibility and a GDX of $28 or $29

To Taper or Not To Taper-A Complete JOKE and with STOCKS trading at all time highs currently,
I think we should all expect some great volatility in the coming weeks and months ahead. Things are not as good as what we are being led to believe!

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