Do You Belelieve This Government Horse Shit!
The Biden administration is desperate to distract from and hide the truth. We know the President gets the word on government created statistics at least a day in advance. So all his various economic advisers and cabinet members spent the last 24 hours or so warning about a weak jobs number because of Covid and other “anomalies”. How then do you get a huge upside surprise and upward revision from the month before, as well. For two reasons. First the need to create and continue the narrative that the economy is strong and healthy, before the mid terms campaign begins. They cannot allow the fact that the economy is in or at least about to enter a recession take hold. The second reason is probably more important to those of the Goldtent community. The banks are desperate to cover as much of their naked derivative positions in gold and silver as possible. This is the second day in a row of a complete take down and they needed a catalyst(excuse) to support the narrative. After getting the early look at the numbers you can be sure “Lying Biden” had his chefs “cook the books” to increase these bullshit job numbers.
Great points, Sir CM!
But on your second point please see my detailed reply at https://goldtadise.com/?p=527834#comment-97831
The intriguing question is who is the buyer that is so strongly nullifying the complete take down? Has to be some big moneyed interest just like the short coverers …
GL