Major breakout rally time?
(by Half Dollar) Now might be a fun time to play some make-believe.
If we play make-believe, in silver’s case, we can believe that over the course of January, silver’s price is down around 3.75%:
Does that mean that as goes January, so goes the year?
Whatever it means, here’s the important question: Who believes excitement can come back into the silver market with a price between, call it, $21.50 and $26.50?
Follow up question: At what price will excitement come back into the silver market?
Speaking of price, or make-believe, or whatever, gold is down a little over 2%, year-to-date:
As the month of January comes to a close, I’m wondering just how much excitement there is around gold’s current price?
Regardless, on Friday, February 4, 2022, the Bureau of Labor Statistics will release its January Jobs Report, and it should be noted that the prices of gold & silver have been known to move around the release of such reports.
It should be no different this Friday, unless gold & silver prices are moved around in the days or hours before and/or after the release of the report, but no matter what happens this Friday, in my opinion, if the intent is to keep “traders” and “investors” on their toes with a poor report or even job losses on net, and I think that may very well be the intention, as well as to fester the “less rate hikes are coming than we think” narrative, with the end goal of adding a crapton of financial confusion to it all, then surely everybody in the Mainstream Media and Wannabe Alternative Media will be quick to blame the “bomb cyclones” and the other named winter storms as major factors for a lousy January Employment Situation Report.
When did naming winter storms become a thing, anyway?
Especially if one understands that these are not “supply chain disruptions” as much as they are real-world confirmations of the already hyperinflated US dollar.
Furthermore, the timing seems right for a lousy report:
Unemployment is down — and wages are up.— President Biden (@POTUS) January 25, 2022
We’re getting America back to work. https://t.co/po7cI3WKn1
Because of our actions, last year we achieved:— President Biden (@POTUS) January 27, 2022
– The fastest economic growth since 1984
– A record number of jobs created
– A record drop in the unemployment rate
America is on the move.
Instead of losing manufacturing jobs, since I came to office America has added 367,000.— President Biden (@POTUS) January 29, 2022
That’s the highest increase in U.S. manufacturing jobs in nearly 30 years.
From Day One, every action I’ve taken to rebuild our economy has been guided by one principle: Make it in America.— President Biden (@POTUS) January 30, 2022
Now, we’re seeing the results: The fastest economic growth in four decades – and the strongest year of job growth in American history.
On Friday, if the jobs report comes in as a terrible shocker, those playing the blame game will include Everybody’s Favorite Wannabe Alternative Media Website:
Whose analysis, by the way, is usually spot-on.
Especially when it comes to gold analysis:
Like, do you even have an edge in the “markets”, bro?