• NFP +96,000 on expectations of + 130,000
  • Official Unemployment rate drops to 8.1%
  • July revised down from +163,000 to + 143,000
  • Gold and silver surging on the news
  • Silver back over $33, gold soars to $1720.

    We now know why the cartel’s massive raid overnight was needed: to prevent $1800 gold and $35 silver by the end of the day.

  1. Damn that is a very perpendicular line for Silver. I believe it is a perfect Right Angle :)
    Times like this you got to appreciate geometry. Silver up 67 cents. Silver up $2 from last Monday just like I called it!

  2. Every month the previous month’s job figures are revised lower.¬† There are no honest numbers pertaining to this economy to be had from any agency.¬† Unemployment dropped so that just means a bunch of poor folks are no longer counted in the computing of the number.¬† More discouraged workers suffering.
     
    The only consistency in the numbers is revising them lower and just plain ugly.¬† So we know what that means for the metals — they will go much higher.¬† A few are figuring things out.¬† They are starting to seek the truth and they really don’t have much time to find it for a reasonable cost.¬† I would suggest the folks start speed reading all they can on metals if they don’t want to be left in the dust when this jig is up.¬† Those high estimates are coming into focus so just continue to do what we do.

  3. I don’t trust any government statistics anymore. I see what grocery prices are doing, seems like every week I get less for my dollar. And jobs aren’t improving here even though MN has a much lower unemployment rate than most of the country.

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