Market Update: This Week in Precious Metals
Greenspan is in the news again saying what HE thinks should be THE central issue in the presidential campaign. Find out here at Zero Hedge…
Goldseek reiterates the trends we’ve been seeing in the silver market for some time now, and says that forces are creating a perfect storm in bullion. Is now the right time to buy silver?
The Wall Street Journal reports on the latest jobs numbers. While unemployment dropped from 5% to 4.7% the decline was almost entirely due to the fact that 458,000 left the workforce entirely, dropping the labor participation rate. A measly 38,000 jobs were added to the economy, a huge miss from expectations. This makes a rate hike by the Federal Reserve unlikely. This factor is credited for the 2.2% bounce gold saw after the announcement.
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