31 January 2013

Gold Daily and Silver Weekly Charts - Bill Gross Says 'Buy Gold'

"Still, investors cannot simply surrender to their entropic destiny. Time may be running out, but time is still money as the original saying goes. How can you make some?...

Transition from financial to real assets if possible at the margin: buy something you can sink your teeth into – gold, other commodities, anything that can’t be reproduced as fast as credit."

Bill Gross, PIMCO - Credit Supernova

Non-Farm Payrolls report tomorrow.

I will try and take a close look at them as January is known as a volatile month. Unemployment claims came in on the high side this week, but that really does not imply too much for the monthly jobs report given the huge adjustments that are made for seasonality and imaginary job creation. The corruption in the US stock market is still appalling.