UPDATE: More Dire Warnings from Druckenmiller, Roberts; Anemic Jobs Report
Economic weakness in the numbers are telegraphing that a safe haven is an absolute must in this environment. Stanley Druckenmiller couldn’t be more clear. Paul Craig Roberts says the world is “on fire” and this will fuel major price jumps for gold. Read on…
Buy Gold, ‘Get Out Of The Stock Market’ – Druckenmiller
“Druckenmiller, who has one of the best long-term track records in money management, said the stock market bull market has “exhausted itself” and that gold “remains our largest currency allocation.”
ALERT: Paul Craig Roberts Just Warned The World Financial System Is On Fire And The Price Of Gold May Skyrocket
“Today former U.S. Treasury Secretary, Dr. Paul Craig Roberts, warned King World News that the world financial system is on fire and the price of gold may skyrocket.
“Dr. Paul Craig Roberts: “The West no longer exists. There’s no longer any democracy in the West, certainly not in the United States. The people have chosen Trump, so what are the politicians doing? They simply won’t accept the choice…”
The jobs report from today was a miss, with an anemic 160,000 jobs added in April. It was so bad President Obama called an emergency press briefing to hammer away at tax evasion and money laundering, to create at the IRS? In any case, the disappointing jobs report is fueling another gold rally.
Gold Rallies In Aftermath Of Downbeat U.S. Jobs Report
“Gold prices are solidly higher in early U.S. trading Friday, in the aftermath of a U.S. employment report that did not meet market expectations. June Comex gold futures were last up $20.80 an ounce at $1,293.30. July Comex silver was last up $0.158 at $17.48 an ounce.
“The U.S. jobs report for April from the Labor Department showed the key non-farm payrolls number up 160,000. The consensus forecast was for a rise of 205,000. Gold prices popped on the report, with U.S. bonds and notes prices also popping and U.S. stock indexes weakening a bit. The report falls into the camp of the U.S. monetary policy doves who do not want to see the Federal Reserve raise interest rates any time soon. Today’s jobs report probably nixes any FOMC rate hike at the June meeting…”
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