US stock markets traded sideways rising approx 0.2% as investors await the US Non Farm Payroll (aka employment) numbers tomorrow morning at 8:30am EST. Expectations are for an increase of 165k jobs and anything considerably lower could be the catalyst to tame this rising market which has seen the Dow Jones Industrial Average move up 2.5% in past five days alone. Hitting new all-time high.
Gold which is sitting near 52 week low in prices (chart above for Gold ETF Ticker GLD) could be the beneficiary of a poor economic numbers as investors take “flight to safety.”
SiAlpha has a POSITIVE rating for GLD in the immediate and short-term duration.