more poor jobs data on Friday from the US saw a bid under metals prices, with gold and silver closing out the week strongly

Jordan Eliseo

The Perth Mint

more poor jobs data on Friday from the US saw a bid under metals prices, with gold and silver closing out the week strongly. Both metals have continued their impressive start to 2014 and are now trading at USD $1268 and USD $20.15 respectively. NFPs were of course a big miss, coming in over 60k below consensus, although the unemployment rate did drop to 6.6% Once again weather has been blamed for the poor report, with more economists and analysts using this excuse than the number of grade 7 students pulling out the famous 'dog ate my homework' excuse. We have no doubt weather has been a factor in the dissapointing reads the past two months, but we are talking about misses to expectations here. The weather should have been factored in If gold can get above USD $1280, then a run above USD $1300 could be on the cards. More details here (VIEW LINK)


1 topic

Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter