HUGE NFP MISS at +80k, Gold & Silver Go Vertical!

  • NFP + 80k on expectations of + 190K nysilver
  • Unemployment rate declines to 7.6% as labor participation rate drops to 63.3%, new 30 year low
  • Gold & silver go vertical

Labor force participation rate back at 1978 levels:

Labor Force Participation


Silver instantly exploded on the release through $27:

nysilver
And gold also made an instantaneous $20 move to the upside:

nygold

 

 

gold