PM to rally after Thursday's Job Numbers

Discussion in 'Silver' started by Ronnie 666, Apr 7, 2012.

  1. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Apr 7, 2012
    #1
  2. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Apr 7, 2012
    #2
  3. SilverMark

    SilverMark Member

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    edit
     
    SilverMark, Apr 7, 2012
    #3
  4. Silverthorn

    Silverthorn Well-Known Member

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    a good article based around the job numbers. finishes with.

    http://www.telegraph.co.uk/finance/comment/9192159/US-set-to-kick-the-can-further-down-the-road.html
     
    Silverthorn, Apr 8, 2012
    #4
  5. Aureus

    Aureus Active Member Silver Stacker

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    Just announce QE3 already, I'm sick of my metal maintaining it's value, I want it to increase damn it! :p

    Is that really too much to ask?
     
    Aureus, Apr 8, 2012
    #5
  6. Cimexus

    Cimexus Member

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    Can ya just hold off a couple of weeks first? Want to make a big purchase but don't get paid until the 15th lol ;)
     
    Cimexus, Apr 8, 2012
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  7. upandaway

    upandaway Member

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    If the dollar nose dives because of the jobs number then markets and the PM's will rise. Been the same for months. However, not sure if Monday will see quite so big a sell off; as they've had all weekend to try and spin it more positive.

    They are also trying to balance a market decline with rising oil prices (irate American consumers) which means the dollar has to rise. Lot of balancing to do in election silly season!
     
    upandaway, Apr 8, 2012
    #7
  8. GoldenEgg

    GoldenEgg Member

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    i doubt the numbers were dire enough to give PM any significant boost
     
    GoldenEgg, Apr 8, 2012
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  9. metalzzz

    metalzzz Well-Known Member

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    Just relax. I highly doubt there will be anything amazing happening this year with pm's. Accumulation year stack away for 2013-15. There might just be another drop to come but i have positioned myself to take some advantage of the current spot price. Keep some powder dry this year just in case.
     
    metalzzz, Apr 8, 2012
    #9
  10. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Looks promising in the first 15 mins
    Gold up $20
    Silver up 40c
     
    Ronnie 666, Apr 8, 2012
    #10
  11. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Did not last long - but we must wait for Uncle Ben

    "Federal Reserve Chief, Bernanke, speech in Georgia , Monday, April 9 2012"

    Fed's Bernanke will speak in Georgia On Monday evening April 9 2012 , the Fed chief will deliver a speech on fostering financial stability at a conference organized by the Federal Reserve Bank of Atlanta in Stone Mountain, Georgia at 7:15 p.m. ET . Analysts at Deutsche Bank said Bernanke may make comments on the latest employment data.
     
    Ronnie 666, Apr 9, 2012
    #11
  12. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Bernanke speaks in 30 minutes from Stone Mountain, GA
    Watch the gold price this morning ?
     
    Ronnie 666, Apr 9, 2012
    #12
  13. Aengrod

    Aengrod Member

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    Every time he opens his trap, price of gold and silver is going down.

    ATM price of gold is 1641 silver 31.53

    Found link CNBC

    http://www.cnbc.com/id/24596546
     
    Aengrod, Apr 10, 2012
    #13
  14. ladyLuck

    ladyLuck New Member

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    My impression from today's news is that QE3 is not expected in the near future since "job numbers are good in context." Be prepared for a PM price drop after the speech.
     
    ladyLuck, Apr 10, 2012
    #14
  15. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Ronnie 666, Apr 10, 2012
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  16. Aengrod

    Aengrod Member

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    Ill be damned, he opened his mouth and PMs are going up
     
    Aengrod, Apr 10, 2012
    #16

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