Before addressing the gold and silver charts this evening, let’s take a look at why the mainstream press is reporting that it is more profitable to be unemployed in Joe Biden’s America than employed. A few hours before Biden gave a speech today, the Labor Department...
No matter how you cut it, doom and gloom are perfect catalysts for the gold price. Because precious metals don’t pay dividends and are tied to big market cycles, holding them excessively imposes opportunity risks. In this context, it’s hard to imagine that goldbugs...
If you were looking for a tangible sign that the economic recovery was failing, the most recent jobs report didn’t support your cause. According to a recent CNBC report, nonfarm payrolls grew by 201,000 last month. This result compared favorably to consensus estimates...
By all accounts, the February jobs report released by the Department of Labor was a resounding success. According to Yahoo Finance, “Payrolls grew by 235,000, which was much more than the 200,000 expected. The unemployment rate dropped to 4.7% and wages rose...
President Obama’s economy closed out with the unemployment rate at 4.7%, screamed the latest headline from CNN Money. On surface level, the positive jobs report is a much-needed polisher of the lame-duck administration’s legacy. Key takeaways from the data...