- NFP 120k on expectations of 205k
- Unemployment 8.2%
- Birth Death model added 90k
- 167k dropped off of unemployment list (no longer counted in jobs market) meaning actual number was -137k
Look for the MSM to suddenly begin reporting a deterioration in the economy as the Fed needs an excuse for the QE3 announcement.
11 comments:
Doc, despite the Good Friday holiday today and the US & European exchanged closed, the fact is that PM's are still being traded and their price is fluctuating.
However, this is not being reflected on your blog's Kitco charts today. Is there another source of live PM price data to get us chart-watching junkies through the day today?
Thanks!
167,000 people dropped out of the job marketplace in March, meaning that the real number is negative 137,000. The unemployment rate drops to 8.2%. This is BLSBS carried to extremes.
Not until it was too late yesterday did I decide I should sell my equities & get treasuries. (We have some money trapped in a 401K, so don't freak out. I can't do anything else with it. Our silver is safe at home.) Now any trade I make with inFidelity will go through on Monday.
Just a quick FYI I have used for Fidelity since 1984. Since Ann Barnhardt and Warren Pollack dug into Fidelity's JPM-like rehypo and derivative exposures, I am exiting Fidelity as they pose to great a risk to my portfolio. IMO
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April 6, 2012
"Doc, despite the Good Friday holiday today and the US & European exchanged closed, the fact is that PM's are still being traded and their price is fluctuating."
That is the scary thing about 'spot' prices. Physical silver and gold are still being bought and sold when the futures markets are closed (for whatever reason), but the 'spot' prices will not show movement because futures markets all over the world appear to be closed at the moment.
Also, notice how 'spot' prices don't change over the weekends, either? That goes to show the 'price discovery' mechanism offered by the futures market prices is becoming more and more meaningless. On top of that, the futures market is being used to manipulate and suppress all commodities prices in general (as has been proven already).
http://www.goldmoney.com/silver-charts.html
Look for the MSM to suddenly begin reporting a deterioration in the economy as the Fed needs an excuse for the QE3 announcement.
Not yet.......gotta get Obummer re-elected first.
AGXIIK,
I have not found an economical way out of my Fidelity 401K at the moment. Thanks for the previous advice and continuous stream of great information.
2 OZ.
2 OZ
I just contacted a rep for a self directed IRA. They seem to know their material. It involves creating an LLC to own a particular asset, land, stock, bullion etc. The IRA owns the private LLC corp . I start working on this next week and will let you know how it goes.
Thanks AGXIIK,
I would very much appreciate that. I'd just like to make sure I'm out of the paper market before the deal goes down.
2 OZ.
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