by Sound Money Defense League News
My articles My offerMy siteAbout meMy videosMy books
Follow on:Twitter
| However, a weak report could strengthen precious metals prices. Americans have been fed illusions that the unemployment rate has fallen, but investors aren’t buying it. How will the markets react this Friday when the report is released? Only time will tell, but here’s what we think about the illusion of falling unemployment rates: http://bit.ly/2cbJBnz
00:01 – Audio starts 00:04 – Announcer: “Stocks fell yesterday for the second day in a row, and based on the S&P 500, ended the month of August with a small loss. The gold price also dropped $4.70 per ounce. Silver gained a few cents.” 00:16 – “Much of the action was in crude. Prices there were hammered based on an announcement from the U.S. Energy Information Administration regarding previous estimates for demand being SIGNIFICANTLY overstated.” 00:28 – “The agency’s estimate for gas consumption in the first half dropped by a massive 16% following the correction. The EIA isn’t the only federal agency having problems with math.” 00:39 – “In June, the Bureau of Economic Analysis admitted to errors which led to significantly overstating GDP. Much lower demand for energy and lower estimates for GDP growth call into question the narrative that we’re in an economic recovery.” 00:53 – “Metals investors are eagerly awaiting Friday’s key employment report as the next big clue on the direction of interest rates. A strong jobs report could increase the odds of a hike and hurt precious metals prices. A weaker-than-expected report is likely to have the opposite effect.” 01:10 – “You can find out more information by heading on over to https://MoneyMetals.com/ That’s where they have live prices.” 01:16 – Gold and silver price charts. Price charts do not reflect live prices. If you’d like to see live prices, please visit https://www.moneymetals.com/precious-metals-charts |
Tags:
