The Markets Are Looking Past The Jobs Number
After a disappointing jobs number hit the wire we saw some initial moves in the markets that were quickly reversed. Chris Temple joins me to discuss why he thinks the markets are looking past the jobs number to Fed expectations and potential spending, including infrastructure initiatives.
Click here to visit Chris’s site for more economic and market commentary.
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Counter-Terror Chief: Europe Home to ‘More than 50,000’ Islamic Radicals — With Up To 25,000 in UK
The European Union’s counter-terror chief estimates that the bloc is now host to ‘more than 50,000’ radical Islamists.
24000 in Belgium only ! It’s much more you think ! https://www.youtube.com/watch?v=A-_492NT3K4
Monster move in Palladium today.
Platinum looks like it’s next. A move to around 1035 looks imminent. That would give platinum a big breakout from a 9 year old Schiff fork on the monthly chart.
For those who can see it, notice the decline that followed the failed breakout of 2014. That’s one item that tells us the fork is working.
Today’s commentary is good reason to doubt all those calling for things to crash.
I think the President’s new title will be Debtor In Chief.
The President has little control over spending.
I expect that Mr. Trump is highly frustrated about not being able to build a wall, etc.
The President will sign the bills.
I find the relative prices of Palladium and Platinum rather puzzling.
I thought that Palladium was more abundant than Platinum and that Platinum actually had more uses than Palladium.
Platinum and Palladium are thinly traded markets with big price moves up or down to be expected. Palladium’s relentless climb has been interesting to say the least.
As I’ve said before I believe this is a case that is not transparent to us.I say this because one has not heard any more lately about the advances with Palladium and Cold Fusion.
The technology did not just stop.
Cold fusion always was a fraud, accepted only by folks who knew little nuclear physics or quantum theory.
I will admit that I know little about nuclear physics and quantum theory.With that being said I know you don’t have the final word on what is actually taking place at Los Alamos. Or do you?
Or maybe your in charge of the research at Sandia?Possibly Lawrence Livermore?
Ok. I’ll go back to my corner and put my tinfoil hat back on.
I do have a Ph. D. in Physics.
See that CFS:
Bayes Theorem in action.
Then tell us why palladium took off like a rocket.
Instead of discrediting my theory,let’s hear yours.
Or wait,maybe it is rocket science.
For the record CFS, I am a college drop-out.Before I’m done on this planet I will have set up a scholarship in my brothers name for those who are pursuing higher education.
I know you are a smart guy CFS,that was never in question.Sometimes the most perceptive person in the room is the guy dumping the trash.
If the loonie is in a new bull market like I think it is, then today’s breakout is likely to stick and another big leg up is beginning…
The Canadian dollar and Australian dollar are closely related due to their resource reliance. That being said, I wonder if the same applies for the Aussie dollar? Their moves have been very much in tandem.
Many here in Aus are predicting the Aus dollar to get as high as 85-90 cents in the next 12 months.
If that was to happen? Then it will be interesting to see how the RBA will react with interest rates?
If they drop them, then it further fuels the already ridiculous speculative Real Estate markets in NSW & VIC. (Due to re-zoning my property is now apparently according to comparinle sales worth almost 10 times what I paid for it 17 odd years ago)
But if they raise them then it continues to crush further markets like WA that have plummeted since the end of the mining boom.
Some of those WA properties in mining areas are down 90%.
Its intersting to see if you flick through the old Australian Property Magazines at the top of the mining boom that the same Winners/Finalists of ‘Property Investor of the Year’ are now the same people you see in recent times on Aussie 60 Minutes complaining that the banks should have never lent them the money they did as they’ve now found themselves multi millions in debt. With no way out.
Only another mining boom of epic proportions can ever save those same fools & bring them back to break even at best….a revival of the greater fools game is the only hope they have left.
Anyhoo, it will be no doubt interesting to watch it unfold…..one way or the other.
The Canadian dollar looks stronger but the Australian dollar is going higher too — likely much higher.
Skeeta, another mining boom is in the works.
Silver is providing 6 to 1 leverage to gold today.
(GLD is up .09%; SLV is up .60%)
Glad I bought PSLV yesterday.
I’m reiterating, but I think this huge TLT:GLD top will activate:
I took my big gain in Goog at very close to 942 as it has rallied hard from 905 and with September volatility is likely to pick up soon with a correction. S&P may not get to 2490 so 2480 is good enough.
Vladimir Putin spoke with students about science in an open lesson on September 1, the start of the school year in Russia. He told them that “the future belongs to artificial intelligence,” and whoever masters it first will rule the world.
“Artificial intelligence is the future, not only for Russia, but for all humankind. It comes with colossal opportunities, but also threats that are difficult to predict. Whoever becomes the leader in this sphere will become the ruler of the world,” Russian President Vladimir Putin said.
Putin runs a Country where if you challenge what he says your probably going to have a bad day.
The jobs number is meaningless in truth. The financial morons that are slowly destroying the US, however, will infer some desired meaning into the numbers.