January Non-Farm Private Payrolls came at 276K vs. 225K consensus. Bonds, gold, and silver are falling on the report that in early trading, finally stocks are treating good news as good news. Oil is jumping on reduction in rig count. Greek stocks are under pressure. German and French leaders have a plan to resolve the
Institutions are selling bonds simply to lock in recent profits; this is causing interest rates to go up. Institutions are buying to cover short positions in oil; this is causing a short squeeze in oil to the upside. Institutions are selling gold and silver causing a down draft. In stocks, we are seeing both heavy buying