Friday, 4 March 2016
The 'offishul' Non-Farm Payroll report (NFP) is way beyond "enough-is-enough already."
- It sounds "OK" if you're several steps removed from ANY proximity to reality (like the administration, MSM, or FTV), but the sane will yawn and file it under 813 of the Dewey Decimal System for "fiction."
The 'claimed' unemployment rate remains at 4.9% while 93,688,000 workers aren't working and exports have hit a 5 1/2 year low.
The wise guys, as is by now usual, used the NFP as an opportunity to 'dump' unbacked naked shorts onto that paragon of honesty and integrity the CRIMEX.....er, COMEX and whacked the precious metals.
- Both Gold and Silver were obviously kneecapped while the USD was "juiced" post-NFP. You can look at the pre-NFP and post-NFP charts and decide for yourself.
[psssst...if you got an advance 'tap on the shoulder' (wink-wink, nudge-nudge) you made a LOT of money on the moves both UP and DOWN, right Mortimer?]
There no longer ARE any markets left, only massive interventions and manipulations by those with the power and the money to 'move' prices around the plate like this. [read: Central Banks]
From Theo Spark at 17:26