Unchained Preppers
General Category => News & Politics => Topic started by: JohnyMac on July 08, 2016, 11:10:22 AM
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In all of the Independence Day/weekend hoopla, Mrs. Clinton be interviewed by the FBI and the burning of my hotel - The June U3 unemployment rate was buried.
In short it went up 20 bpnts - 4.7% to 4.9%. (http://data.bls.gov/timeseries/LNS14000000)
U6 remained flt at 9.7%.
Gold up ~$110- month over month to hit a high of $1,385 an oz. Today it is at $1,355 a ounce. I have read several articles that the new hurdle for gold is $1,450. I suspect we will see it bounce between today's price and that new ceiling for the next 30 days. If it stays above the ceiling of $1.450- the market will most likely adjust by similar percentage. For example, if gold goes up 5% the market will correct downwards a similar percentage.
In closing, just for kicks and giggles watch both, sticks and PM's during the GOP/DEM conventions. ;)
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Silver is at $20.51 now (1853 EDT) per Monex. Much higher than a few months back but still not a bad deal. If you have some great, if not, really oughta get some.
Nemo