from Silver Doctors:
With Gold and Silver Surging Higher on Expectations of the Fed Hiking Rates in December, The Doc and Eric Dubin Break Down All the Action, Discussing:
- $1050 Gold and $13.93 Silver: Does This Look Like a Bottom?
- Its On Like Donkey Kong! Gold & Silver Squeezed on Imminent Rate Hike?
- Its Coming to the United States…
- Average Greeks Begin to Understand Just How Badly They’ve Been Screwed
- 2015 Silver Eagle Sets All Time Sale Record at 44.85 Million Coins
ZeroHedge coverage of the B.S.-BLS Non-farm Payrolls report deserves praise. The multiple Tyler Durdens have been drifting a bit towards “neocon” analysis when it comes to their coverage of geopolitics (what’s up with that?). But they’ve never missed the mark with their dissection of Bureau of Labor Statistics reports. I need not reinvent the wheel; visit ZH for the reversal of the spin on Friday’s employment report.
Bottom-line: the BLS doesn’t count underemployed and “discouraged” workers accurately, they play games with seasonal adjustments, and their survey methodologies are farcical given that – as TrimTabs’ CEO Charles Biderman has pointed out for over a decade – real-time IRS withholding data would make for a simple and accurate baseline data-set upon which accurate reportage of US labor market conditions could be understood. Sadly, US government statistics are not about informing. They’re about spin and obfuscation in service of policy objectives.
Nevertheless, even with “official” figures, the big picture dynamics of the US labor market are not easily memory-holed. For example, consider the 2015 ratio of piss-poor paying service sector job growth versus manufacturing jobs:
Cartel Starting To Flush Hedge Fund Shorts?
Doc and I talk about how lopsided the paper precious metals trade has become. If historical patterns repeat, we’re about to see the cartel fleece speculators that have been lead into some of the most extreme shorting we’ve seen in a while – and Friday’s pop could very well be the start. The bullion banks serving the cartel interests manage their positions, in part, by leading around speculator sheep, and the sheep never seem to learn.
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