September 04, 2009
– Comments (5)
Now the question is who is going to sell stocks first so they can go on Labor day vacation first. Any spike in stocks could be followed by heavy selling as people take the money off the table before they go on a 3 day weekend.
Ummm... I don't think the job loss numbers are what's driving gold. More on that later today.
Risk rising or inflation ahead driving gold?
Perhaps in part, but I'm tracking some more immediate fundamental catalysts in an article I'm drafting presently. Stay tuned. :)
BTW, keep in mind that real unemplyment is already 16% and rising.
Paying a lick of attention to the official numbers, just as in the case of inflation figures, is folly. They are designed to obfuscate the true nature of our predicament.
M3 had a flaw ... the definition was too straightforward to permit the usual tweaking through drifting metrics and statistical magic, so they simply ceased making it public. Hmmm...