09 April 2012

Gold Daily and Silver Weekly Charts

A pop up rally on expectations that the demise of QE is greatly exaggerated.

I have rarely seen a market that is subject to so much blatantly phony 'commentary' as the metals market.

The talk on Bloomberg financial television this afternoon was that the Jobs Report was misleading, and that more people are not working because they want to 'take it easy.' 

The unemployed just want to retire and lead the good life on Social Security and/or their 'savings.'

John Williams: US Unemployment Rate Now at 22%