Polls show Greek vote a toss-up

GPO poll has it

47% leaning yes

43% leaning no

Basically within the margin of error making the referendum a toss-up.

Gold trading is erratic this morning partially on polling information on the Greek referendum, but also on the interpretation of today’s jobs report.  Finance Minister Varoufakis says he will resign if Greece votes “yes”.  European Union officials are generally taking a hard line.  Prior to the jobs report release this morning, gold was tracking lower anticipating a stronger outlook on the employment scene. After the release, which Bloomberg headlined as a “disappointment”, gold rebounded.  The metal got as low as $1158 and is trading at $1167 as this is written.  It will be interesting to see what happens in the markets today as we move into the long holiday weekend. Greece votes Sunday.

Happy Fourth everyone.

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