Friday, May 5, 2017
Today’s impressive sounding positive employment numbers were not really as positive as the first glance reflected
Today’s impressive sounding positive employment numbers were not really as positive as the first glance reflected. Labor Force participation was lowered which automatically improves the Unemployment rate. The precious metal’s market knee jerk reaction was down but quickly recovered but as yet has not recovered all the loss. Like a scratched record I repeat the precious metals remain under pressure. The news to watch is this Sunday’s French elections. All the media is promoting a Macron win making traders comfortable with their current precious metals positions. An upset would change everything.
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