Let's play the Contrarian Game.....

I mentioned earlier that Friday is the jobs number and that gold always acts funky. For example, if the number is bad, and it will prolly will be, the dollar will tank early and gold will advance nicely before both turn about 1/2 hour after the number is released.

A couple of days before the Fed jobs number is released, ADP releases there own report. Over the last few months, this report has been notoriously wrong, yet the market, both gold and stock, for whatever the reason give this report a ton of credence. So, how do you play it? If you want to play contrarian, short the market if the ADP numbers shows strength, and go long if the report shows weakness.

My personal opinion? I think the Fed report will not be good. If this happens, given gold's history on jobs Friday, I plan to short any strength for the day. If I am wrong, and gold is very strong, then obviously I will cover.

It'll be fun to play contrarian for a day on the ADP report.