School me on investing...

Watch the video I just posted in the youtube thread.. About 54 seconds in.

DTREF owns the Colosseum mine. That's Secretary of Interior Burgum on Fox News this morning.
 
Did everyone position their portfolios for this morning's non farm payroll report? The last print was 73K, which was so bad that the messenger got shot. :rolleyes:

Will the new appointee actually tell the truth*, or will he make the report say whatever the HMFIC tells him to? Ironically, bad news particularly in this report will lead to more, bigger rate cuts which the HMFIC has made well known that he wants...but when the report came out bad last time, he fired the BLS commissioner and nominated a patsy to fill the role.

Market expectations are for ~75K jobs added, way lower than the mean of between 100 and 200K, and a slight uptick to 4.3% unemployment. Recent jobs data show a contraction in the labor market. Revisions of previous numbers will be yuuuuge, too.

This report will have bigly implications for the FOMC meeting later this month. Bad enough, and the markets might start betting on bigger than the .25 point cut that's already baked in. Good enough, it might start eroding that expectation and pretty much kill expectations of future cuts.

So, bad news is good news, good news is bad news. As usual. Precious metals in particular will more HARD one way or the other.

:Pop:
 
auminer said:
Did everyone position their portfolios for this morning's non farm payroll report? The last print was 73K, which was so bad that the messenger got shot. :rolleyes:

Will the new appointee actually tell the truth*, or will he make the report say whatever the HMFIC tells him to? Ironically, bad news particularly in this report will lead to more, bigger rate cuts which the HMFIC has made well known that he wants...but when the report came out bad last time, he fired the BLS commissioner and nominated a patsy to fill the role.

Market expectations are for ~75K jobs added, way lower than the mean of between 100 and 200K, and a slight uptick to 4.3% unemployment. Recent jobs data show a contraction in the labor market. Revisions of previous numbers will be yuuuuge, too.

This report will have bigly implications for the FOMC meeting later this month. Bad enough, and the markets might start betting on bigger than the .25 point cut that's already baked in. Good enough, it might start eroding that expectation and pretty much kill expectations of future cuts.

So, bad news is good news, good news is bad news. As usual. Precious metals in particular will more HARD one way or the other.

:Pop:
Click to expand...
oof, 22k jobs in August and revised June to a negative
 
Or we could view it as the jobs market has been adjusted to where it actually has been without the mathematical gymnastics to make it look better than it actually was.
 
Frankly I expected a bigger move in PMs with these numbers. Particularly the revisions.

Maybe it was already baked in? It kinda has been a nice couple of weeks for silver, and miners.
 
Venom51 said:
Or we could view it as the jobs market has been adjusted to where it actually has been without the mathematical gymnastics to make it look better than it actually was.
Click to expand...
You saying the previous messenger was shot after reporting numbers that were better than what the truth was? This whole thing has gotten me all mixed up on the definition of irony.
 
HPPT said:
You saying the previous messenger was shot after reporting numbers that were better than what the truth was? This whole thing has gotten me all mixed up on the definition of irony.
Click to expand...

Always a possibility. Those looking around them and paying attention can call bullshit on the unemployment numbers pretty quick. It's always higher than "reported" so I just walk around assuming that if the reported number is 1 then it is actually closer to 3.
 
You must log in or register to reply here.
Back
Top