02 May 2014

Gold Daily and Silver Weekly Charts - More of the Same

If not for the manipulative efforts, there appears to be little legitimate trading volume left to the Comex metals.

The usual games overnight, and a bounce back to the magic 1300 level for gold.

The Jobs Report sucked out loud, despite the 'better than expected' headline jobs number which in my estimation was largely a contrivance, based on a skew in the seasonality and a rather large Birth-Death model addition. 

The unemployment percentage is largely irrelevant now, given all the tinkering they have done with the long term unemployed who are no longer counted among job-seekers.   The hourly wage remains stagnant, not keeping pace with prices.

Have a pleasant weekend.