vrijdag 7 september 2012

Payrolls Rose 91000, less than forecast

Payroll numbers just came out and it's not good: 91000.

As I pointed out in this article it means we are bound to get higher unemployment numbers (even though unemployment is only 8.1% right now). This is because payroll numbers are a far better measure than the unemployment rate.

What happened? Gold and silver flew through the roof because QE3 is very probable now.

Chart 1: Silver

Chart 2: Gold

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