Stocks drifted upwards, and the metals downward, in another session of lazy trading. The Non-Farm Payrolls report came in light on the numbers added, and shows a weak 'weekly hours worked' as would be characteristic of the part time service recovery.

I would have expected a stronger hit on the metals.  Let's see how they do next week.

There was little activity in the metals on the Comex, except for the usual ins and outs for silver in the warehouses, which is more of a sign that they are used as a delivery mechanism adjunct to the casino. 

I enjoyed Koos Jansen's article, paraphrasing the title that the West Is Selling Physical Gold Into an Asian Black Hole.

Sounds like 'gold is moving from west to east.' In a big way, with high leverage and distorted pricing.  And it is not likely to be coming back anytime soon.  What could go wrong?

But like most of the big changes and what happens next, 'no one could have seen it coming.'