Its not looking like it CJ. Found out the other day that i am not eligable for the disability support pension either. Big bummer.
Staying on Newstart now. Gotta try and find a job back on the tools.....something permanent and using my trade skills. Forklift operating sucks as is it all casual based.
CJ i'm doing the best i can with wot i have available. Tmrw I will be sending out as many resume's as i can. Its pretty tough out there at the moment and its only going to get worse as far as I can tell??? Wait until the car factories close down it will be evn worse for victoria???
Insanity: Doing the same thing over and over again and expecting different results - Albert Einstein. Spend less time sending resume's and more time learning/studying/investing in yourself. Precious metals investing is a great community, but its easy to fall into the doomer camp when you listen to schiff/duane etc, I would even recommend going cold turkey on media for a month or two, just to relax a little...
US inflation figures due out tonight at 11:30pm AEST. Could be an important read if core inflation figures drop at all, it will push the USD down and gold up.
Yeah, agree with the above ^^^ The one I'm keeping a keen eye on is China's GDP numbers next week Monday. It was the catalyst for the recent market correction that started to unfold on 21 Aug 2015, then really took effect on 24 Aug 2015 Above times are all stated as WST. I have a feeling Ag might be finding a bottom. Pretty much in line with CL post above. If I get the time I'll put a chart up.....
PPI figures came in under expectations the other day which is a leader indicator for inflation. Whether it's enough to push core inflation down or not I'm no so sure about. Even if it's only a 0.1% miss on Core, the markets will be all over it like a fat kid on a cupcake given the heightened volatility in the markets surrounding the Fed's policies. The opposite could also happen. If it rises to 1.9% gold should sell off.
If you understood things like macroeconomics, capital flows, economic indicators and the relationship other markets have and impact those markets have on the gold price, you wouldn't adhere to conspiracy theories about gold price manipulation. We couldn't have that now, could we?
They've straight up said all along that they have a minimum 2% target so I don't think you'll see a rise unless they meet that at a minimum and that's before you take on board the poor jobs data wich they seem to be bringing into their remit. Not this year. Even if all the above goes almost to plan you know they don't want to when they start talking about China as a reason not to as they did recently, with the data going in the wrong direction as well I just don't see it.
The Fed uses a 2-3 year forward guidance in relationship to inflation. Just because core is currently sitting at 1.8% doesn't mean a lot unless it starts going backwards because their mandate at the moment is to tighten policy. Labor market tightens to peak employment, wage increases are demanded, wage growth and inflation rises. They use what is called the "Phillips curve" to predict when inflation is likely to rise. Ideally they would like to see 2% in core before raising rates, but so long as they see wage growth increasing, they can foresee higher inflation to follow in a delayed manner. [youtube]http://www.youtube.com/watch?v=v7ZWTZ9NgU4[/youtube]
