Stocks are about to get bloodied as a gold squeeze takes shape

06-Apr (MarketWatch) — This one could leave a mark. Friday’s jobs report and the subsequent battering that stock futures took in that brief window of trading on Friday are still being felt this morning.

But when there’s equity blood getting spilled, there’s usually joy to be found among the gold bugs. Monday is shaping up to be no different, with gold prices on the move north. If this keeps up, we could very well see a short-squeeze breakout in the so-called safe haven.

…“If you could apply logic to market participants (which I definitely would not) then bad job numbers (and minimal wage inflation) equals lower rates for longer,” says Rachel Shasha of the Sassy Options blog. “I’m even starting to hear people talk about the next QE.”

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