The whole PM complex rallied strongly after the Jackson Hole speech, but it did not last. I think patience is called for here. I do think however think a strong rally is in the cards this fall.

Next week is the Jobs report. That will lead to some volatile swings up or down. I am going to wait until after the Jobs report and see where we are then.

Past jobs reports have kicked off major rallies. The next one may to or perhaps define a trading low.

Either way trading in these dog days of August is not for me. I want to see what it looks like after Labor day.