A focus on the jobs number and what is means for the markets and the Fed
With the jobs number out today pretty much hitting the estimates right on we chat with Chris about what it means moving forward with Fed policy and the markets.
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I think 13,000 is quite attainable
Whilst I would love you to be right I personally cannot see it. Gee, I recall when the DOW got to 13,000 and virtually everyone and their dog was saying it was going to crash from 13,000 down massively.
I think once we approach 10% down people will just step in and buy and, bang, before we know it it is 18,000 again.
Hope everyone is well.
I am wondering how many bottles of champagne Chris put in his fridge in anticipation of the Cubs potentially winning the World Series….? 🙂 🙂 🙂
GL to all investing/trading.
LPG
HIS DON PARRY ON……..IS LONG GONE………
Champagne Jam!
The interesting thing is that anyone still believes the Fed can control the economy…….since it is actually unproven to be able to do very much.
All sane people realize taxation is the primary controller, combined with govermentakl spending to some extent.
But with a crony corrupt congress and an idealog Marxist/islamic executive and an out-of-control liberal judiciary, we are screwed.
Surely the Seabridge bounce is just very over-exaggerated today and it will give up the 23% gains in the coming weeks.
Looks like shorts having to cover in the same way shorts had to cover with RIG this week?
You’re likely correct Bob UK. It was likely a short covering rally, but it was sure an interesting streak.
Could very well be…
I agree on Seabridge with two provisos:
Development requires huge financing.
The concentrations of Gold/copper are on the low side…..requiring substantial physical price increases.
For those of you cheering the rise in price of precious metals, there are some worrying concerns:
Why did the TSX, with its many mining companies, go down as much as it did?
Why did the Aussie dollar go down as much as it did?
Neither of those changes should happen to that extent if this was more than a temporary bounce in prices. Just watching the BIG picture…..
good thoughts……………
That weak Aussie dollar is the ONLY thing keeping many Aussie miners afloat at the moment…..
……be wary though, as some of those Aussie miners have debt obligations in the not too distant future payable in $US….that’s gonna bite them in the bum !
Choose wisely in the Aussie sector if your going to venture there.
Cheers.
GOOD POINT ON ….CASH ON HAND at the funds…………….
I want to see the Dow go to zero. Just to see the pain.
You’re a madman Jason (aka Machine Gun Kelly)
10% from 18,351 = 16,516
20% from 18,351 = 14,681
30% from 18,351 = 12846
Frankly, I think even 10% down on the DOW will be tough to get to.