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Second Look at US Second Quarter GDP

The good news is the gold market has made a tradeable bottom. A lot of traders will probably start buying the market at 1943, stops under 1931, see where the market might go. 

The problem traders are going to have is this: you have one report today. You're going to be getting the Challenger Gray (jobs) report. Also the ADP report (employment report),  and the PCE (personal consumption expenditures) index are coming out this week. Then Friday's jobs report. There's so much information in very thin trading markets. It's almost looking to get hurt in that. I for one will be backing off.

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