The big picture look at the jobs number
This morning with Chris Temple we take a look at the jobs numbers but not only on an absolute basis. We are seeing a continuing trend for job creation that still has many worried this recovery is not all it’s cracked up to be. We also consider how (or if) such data points actually have an impact on the general American’s life.
Click download link to listen on this device: Download Show
Yes you can Bob UK….. Try the ETF (OVER) or the (SHT) Fund.
They are managed by HH/TJ.
Don’t you meant the SHTF fund?
Some are very big on investing in the (SHTF) fund, but I don’t like the triple leveraged ones.
Some others I have considered averaging into over time are:
(ZOMB) – Zombie Apocalypse ETF
(ROBT) – Robot Takeover ETF
(EMP) – EMP Stability Fund
(VRUS) – Virus Immunity ETF
Let me know if there are any others you think may represent good value. Thanks!
Ha !
😮
The average American is not afforded the luxury of time to pay attention to what is happening financially on a macro basis.
They are to busy just trying to get by.
Once things fall apart,they will be the first ones to question what just happened.
By that time it will be to late.
It’s not a luxury, most people just can’t be bothered.
+1 to that GH.
LPG
Jobs numbers are a joke,still 97million on food stamps
Jerry,
There are not 97 million on food stamps. There are about 44 million on food stamps.
http://www.trivisonno.com/wp-content/uploads/Food-Stamps-Monthly.jpg
Does that number include the kids
47 or 97 million ,that is still a lot of poor people,which do not earn a living wage
Just looking at the numbers, The number has doubled since Dumbo has been in office
The number will double again,if Hillary gets in, She will run this country like she runs her Foundation .
Jerry,
I agree that 47 million is still to many people. Even though we are supposedly in a recovery the number of food stamp recipients have not fallen much. Probably because many of those adults that work just work part-time or have a low paying job and still qualify. Some of them do it intentionally to keep getting welfare.
Btw thanks for the chart
J Miller, hope all is well with you as well,and thanks for asking. Thanks for the additional info.
Jerry,
Hope you are doing well. Yes, that number includes children. Any child that is in a household that receives foods stamps is counted in the total number of people receiving food stamps. Now I have seen people say that there are somewhere around 100 million people in the U.S. that are receiving some kind of food assistance from programs like the Supplemental Nutrition Assistance Program (SNAP) also called food stamps, the National School Lunch Program (NSLP), the School Breakfast Program (SBP), the Summer Food Service Program (SFSP), the Emergency Food Assistance Program (TEFAP), etc… But they are wrong. There are not 100 million different people receiving food assistance. It is more like 50 million different people if that. They make the mistake of counting the number of people receiving benefits in each program and then they add the total up which comes to around that 100 million figure. What they do not realize is that many children receive food assistance from several programs so most children are being counted two or three times, once for each program that they are in. So there are not 100 million people but only about 50 million people that receive some kind of food assistance with many receiving assistance from more than one program.
See above, l am working off the phone with a small screen and a mind of it’s own.
Are people on wall street that stupid
But a whole bunch of those are probably illiterate refugees, who we will deport if they break the law ( by not voting democrat).
That is what is happening in Sweden, isn’t it?
https://www.gatestoneinstitute.org/8619/sweden-asylum-seekers-violence
Forget about mining stocks…I wonder who bought this Wayne Gretzky rookie card way back when? Not to mention Honus Wagner and the rest. http://finance.yahoo.com/news/wayne-gretzky-rookie-card-honus-000000421.html
I know right? Who wants to invest in companies that are risky, when it is probably much safer to buy cardboard pictures.
Investors will be sorry when the economy falls apart in a debt spiral any moment, and human beings finally make the obvious transition over to Sports memorabilia cards for all daily commerce and transactions.
It seems the best thing to do is trade all my gold & silver (that doesn’t pay a dividend or yield, it just sits there collecting dust like an old relic) for a piece of cardboard for the upcoming financial meltdown. It’s the wave of the future!!
🙂
Of course, if times get really tough, even Sports memorabilia cards may go up in smoke, because I heard there are 100 paper contracts on each actual cardboard picture, so it is a derivative juggernaut waiting to implode.
If it truly becomes a meltdown, it is clear the world would most likely throw all these financial hedges out the window and revert back to PEZ dispensers, porcelain figurines, and Velvet Elvis paintings. Be schmart – buy art.
To funny.Thanks for the laugh.
😉
A Wayne rookie for hundres of k?
Guess I shoulda kept mine.
I bought if for $20 sold for $400.
Thought I was doin ok at the time.
I cringe when I think of all the baseball cards I had as a kid that my father decided to throw away without telling me when we moved. Many were older than me; my uncle had given me them.
The baseball cards you had a kid were played with and much loved – as they should be.
The ones that are worth a fortune today have probably never been played with, collected with love or given with love.
Yup, that was kinda standard then, kid moves chuck his stuff.
Yup Bob, most cards I had were put in bycicle spokes or we played closest to the wall.
Guess thats why the ones in good shape are rare.
I think today we are closer to a flash crash than we were yesterday – if that makes any sense?.
I can see a crash now to shake everyone out and then plain sailing upwards into November.
Are you talking conventional markets or PMs?
Conventionals.
However, I suspect that we will get a sizeable drop that, because so many are leveraged, will force people to liquidate PM positions also.
I am thinking of another January or an August 2015.
A crash would be just the right excuse also for the Fed to say that there is too much uncertainty in the markets to raise.
Look, the NASDAQ is at highs. Volume is non-existent. Where is the energy going to come from to push stocks higher at the moment?
Bob:
I agree with your questions of where more input will come from. Billions have been extracted from mutual funds by individuals. There is not a lot on the sidelines of the mutual fund industry…..they are pretty will 100% all in. The elderly savers won’t throw their savings in the market, even at 0 interest rates. When they go negative, they’ll put it under the mattress. Some, a few will buy PMs.
Saw this by our friend Gary this morning: You may enjoy his take: http://news.goldseek.com/GoldSeek/1470405660.php Enjoy your day.
Precious Metal ETFs – Super Force VIDEO Analysis
Morris Hubbartt – posted Aug 5, 2016
Actually – here is that Video link from above with Morris Hubbartt:
https://superforcesignals.com/video/2016aug4etfs/2016aug4etfs.html
SF Juniors – Super Force VIDEO Analysis
Morris Hubbartt – posted Aug 5, 2016
Last week Mr Morris was looking for a breakout, he was saying even at 20 silver we should expect 24 silver. maybe even 29, alot of positives he said.
Gold, expecting 1392.
Maybe he missed the articles saying the world is awash in silver.
I donno but looks like he missed one to me.
Maybe we head higher nxt week, but historically Aug is the low for the year, we could get Docs 1275-25 yet.
Who knows? We’ll see how it goes…… August is not actually the historic low for the year, just the opposite. Here’s a seasonality article on gold miners is very informative:
_________________________________________________________________________
Gold Miners Enter Most Bullish Period of the Year (August)
by Ceo Technician
“The gold miners as measured by GDX are up nearly 120% year to date as they enter what is the best two month period of the year for the sector historically. Using the NYSE/Arca Gold Bugs Index (HUI) we can see that the goldies have been up six consecutive years in the month of August for an average monthly gain of 7.0%.”
“Quite a streak and one that clearly stands out relative to the rest of the year. Moreover, going back 20 years we can see that August/September also stands out as the strongest two month period of the year with an average two month gain of 8.6%, and once again it’s easy to see that August stands out as an exceptionally bullish month:”
http://energyandgold.com/2016/07/29/gold-miners-enter-most-bullish-period-of-the-year/
Obviously nobody has a crystal ball, and anything can happen. Maybe since we didn’t get the summer doldrums May-July, that Gold will have a weak August. This year has been about breaking the mold.
lol my guess is a few people could be found that disagree.
I think they call the doldrums…doldrums for a reason.
Gold and Gold Stocks Bull Analogs
Jordan Roy-Byrne CMT, MFTA – 08/05/2016
Interview with Mike Swanson of WallStWindow
Jordan Roy-Byrne CMT, MFTA – 08/03/2016
“insights from the Sprott Investment Symposium and why I favor buying junior exploration companies over JNUG.”
http://thedailygold.com/interview-with-mike-swanson-of-wallstwindow/
Gold stocks’ autumn rally
Adam Hamilton – Zeal Intelligence | about an hour ago
Q&A: Legendary executive ROB MCEWEN talks about gold mining in golden times
Derrick Penner – August 4, 2016
Kirkland Lake Gold Reports Strong Earnings for the Second Quarter of 2016 and Free Cash Flow Generation of $31.9 Million
TORONTO, ONTARIO–(Marketwired – Aug. 4, 2016)
[LISTEN]: ‘One of the toughest half year’s we’ve ever had’ Randgold CEO Mark Bristow.
Warren Dick | 5 August 2016 (RRS.L) (GOLD)
http://www.mineweb.com/multimedia/listen-one-of-the-toughest-half-years-weve-ever-had/
Looks like they are still high-grading to me.
They could be, but much of the ore body that they have to mine from is high grade.
That is why I am not a chartist.
They do not predict extreme turning points.
In general stocks today; strangely volume dropped off, especially in FANG-type stocks.
As the day has progressed volume has also dropped off in PM stocks.
grains food agri related stocks doing better than most.
CHART: Just how wrong were 2016 gold price bears
Frik Els | about 21 hours ago
http://www.mining.com/chart-just-wrong-2016-gold-price-bears/
Al:
You brought up the famous 47% that Romney mentioned. I’ve never seen that # analyzed but I’m sure it must include social security recipients and folks covered by Medicare. I’m certainly in that group although I carry a private insurance policy in addition to Medicare and the VA (Vietnam, you know). My health is good at this point and I don’t consider myself a burden on the system by any means. Am I to assume from your comments that you and your wife are NOT on SS and Medicare which would put you into the same group as myself: part of the 47%? Just need some clarity, that’s all.
PMs are down today for one simple reason………I took delivery this morning of some more physical that I purchased by phone yesterday.
Thanks for the show.
We do take our ssi and regarding insurance we have supplements that we pay for ourselves. Are we a burden on the system? I suppose if one considers ssi, then we are a burden.
Al was close — the number was actually 47 million (people)…not 47% That was the # Romney cited on food stamps and the like, who were automatic Democrat Party votes.
There is a distinct correlation between voting (red state vs blue state) and percentage of population on food stamps.
http://www.cheatsheet.com/view-image?src=2015/01/food-stamp-chart-final-feb-2015.jpg&35d693
P.s. I did run the numbers 4 years ago and the correlation with race was higher than voting.
This will sound racist, but I’m just giving a factual statement.
Black race correlates higher food stamp use than democrat voting correlates with food stamp use.
Check out DC..21.66%
Right. I’m aware of the huge # on food stamps but I truly doubt that they are all democrats. That would be a good subject for a reporter some day to look into. Thanks for the clarification.
Lundin Gold Announces Agreement With Government of Ecuador on Investment Protection Agreement
VANCOUVER, CANADA–(Marketwired – Aug. 5, 2016)
Odin Mining to team up with Ecuador Gold and Copper
In a friendly all-share deal that knits together assets in southern Ecuador, Odin Mining and Exploration (TSXV: ODN), a junior that counts mining entrepreneur Ross Beaty as its largest shareholder, is acquiring Ecuador Gold and Copper (TSXV: EGX)
Americans have been over-consuming for years. The fact that some are maybe cutting back now is good for their long-term discipline.
I see no voluntary action in cutting back. Credit has tightened up and more are credit-limited.
WASHINGTON (AP) — Consumers increased their borrowing in June but at the slowest pace in 17 months as auto and student loans registered the slowest growth in nearly five years.
The Federal Reserve said Friday that total borrowing rose by $12.3 billion in June, down sharply from an increase of $17.9 billion in May. That was the smallest monthly gain since January 2015.
The slowdown in borrowing came from a big decrease in the growth of auto and student loans, which rose by just $4.6 billion in June, the weakest monthly performance since this loan category declined in August 2011.
The category that covers credit cards rose by $7.7 billion in June, up from an increase of $1.8 billion in May and the largest monthly gain in this category since March.
Much of the slowdown in borrowing reflects a slowing in auto sales which have hit a plateau after six straight years of growth. Last year, auto sales climbed to a record of 17.5 million new vehicles. In the first half of the year, auto sales were up 1.5 percent, compared to a gain of 4 percent for the first half of 2015.
The increase in overall borrowing pushed total credit to a fresh record of $3.63 trillion. Many economists expect total borrowing will keep rising at a solid pace as consumers keep spending, bolstered by strong job growth.
$19.72 silver,better buy some
SGE CLOSED AT $20.08 for silver. It was only below$20 for a few minutes early, and sat between $20.15 and $20.08 for most of the time.
Jobs numbers are accurate to withing +or – 200,000 jobs yet the market salivates for these numbers and waits to react.
Elon Musk is building a car plant in Nevada to produce Tesla’s that will be the second largest plant in the world. The irony is that it will be all robotic machinery “Humans Need Not Apply”. Yet Henry Ford paid his employees double the average industrial wage 100 years ago so they could afford his car. Wake up people, the machines don’t need the humans. The cars also drive themselves, who needs employment, the machines don’t need us, Get It! DT
What is going to hit? The end of the world? Can I buy options in that?