Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
In the same category

NAV Premiums of Certain Precious Metal Trusts and Funds - Coiling Ahead of the Non-Farm Payrolls

IMG Auteur
Jesse
Le Cafe Americain
Published : June 06th, 2013
191 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Disclaimer
Category : GoldWire

They generally like to hit the metals on a Non-Farm Payrolls day.

Let's see if that pattern repeats. Stocks will likely move inversely to the report beyond some middle ground.

A great jobs report and stocks will likely falter some on fears of QE weakening. A weak report and stocks will likely rally back up into the trend channel on the QE gravy train express.

An in-line report and the market is up for grabs, which usually means higher these days. Expectations are for 160,000 net jobs added, with 175,000 coming from the private sector. Watch the revisions of the prior two months. They like to spin it there with upward revisions that take the edge off any misses in the headline.

Gold may not move inversely to stocks as it has been doing again recently.

I don't think the precious metals market will return to fundamentals until the paper gold/silver scheme falters.  Even a spike rally now is likely a cynical move to free up bullion for the short term so that the next wash and rinse cycle of manipulation can begin again without forcing the Comex into a default.



 
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Jesse 13 abonnés
Visit Jesse's Cafe Americain for refreshing news on the markets
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold