Gold Daily and Silver Weekly Charts – Non-Farm Payrolls Fizzle, Precious Metals Held in Check

(Before It's News)

from Jesse’s Café Américain

Today was an exceptionally interesting day, with a lot of things going on from the very start.

The premiere event was the US Non-Farm Payrolls Report, which pretty much sucked out loud, coming in with a underestimates 113,000 jobs versus a 175,000 expected. This was mitigated a bit by the ‘private jobs’ added of 142,000 which was closer to estimates. And it could make us feel good because it was in ‘government jobs’ that much of the shortfall occurred.

I was a little behind the workload much of today, so I didn’t see how much play was given to the complete revision of all the numbers going back as far as I normally look. They even revised the CES Birth-Death model which is pretty much a plug, or imaginary jobs, if you prefer. How do you revise stuff you made up in the first place?

Continue Reading at JessesCrossroadsCafe.Blogspot.ca…

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