Umempl Rate 4.2%, (Exp. 4.2%)
Aug Nonfarm Payrolls soft at 142K, (Exp. 165K)
Non committal numbers.
25 bps seems likely from this
The initial reaction says a lot
If this continues and stocks go positive, Silver, due to investor industrial bias, should be a big winner
Underemployment rises:
Full-time workers: -438K Part-time workers: +527K
Full-time workers: -438K
Part-time workers: +527K
Previous jobs data revised lower once again
Of course both prior months were revised sharply lower: July revised lower by 25K from 114K to 89K June revised lower by 61K from 179K to 118K
Of course both prior months were revised sharply lower:
July revised lower by 25K from 114K to 89K
June revised lower by 61K from 179K to 118K
Gold looks great.
If it can close above 2528 today, then its a new breakout.
If it cannot, then the “top of the trading range” as the BiS caps it again becomes a real risk.. despitet the Bullion banks problems
Save this link GoldFix Spot Markets
Have a good weekend
Markets got beaten like a rented mule
Levels:
Gold spot 1h 100MA = 2500.93 and rising. Low so far today of 2500.52 and it bounced hard. [Edit: did not hold above]
If USDJPY breaks below its Aug5 low of 141.68, it's off to the races for gold I think. Yen wags the dog.
Markets got beaten like a rented mule
Levels:
Gold spot 1h 100MA = 2500.93 and rising. Low so far today of 2500.52 and it bounced hard. [Edit: did not hold above]
If USDJPY breaks below its Aug5 low of 141.68, it's off to the races for gold I think. Yen wags the dog.