December Non-Farm private Payrolls came at 240K vs. 235K. There is an anomaly in the data, hourly earnings came at -0.2% vs. +0.2% consensus. It is not clear as to what has caused this anomaly.
The bull case is based on the strong employment number. The bear case would be made on potential of interest rates rising. In the long-term bulls are likely to win. In the short-term, the market is overbought and susceptible to decline.
Interest rates are slightly higher.
The momo crowd continues to aggressively buy gold and silver in the face of fundamental data that is negative for gold.