If Not Today – Soon Thereafter
In a recent post, I asked if we were finally going to get an honest job report(as far as an honest report is possible from this administration)? I predicated it on the fact that the real numbers have been slowing for months and Joe’s handlers were going to finish him off, after the debate, with a lower than forecast job number.
I still expect him to drop out of the race soon. If we do get a slower job number, it will clinch a FED rate cut(possibly at the July meeting) but definitely by September. That would send gold and silver much higher.
It could happen today for the metals, but even if the job number is more of the fiction we have become accustomed to with Joe’s crew, the metals would still be heading higher, after any possible pullback. A dip is just another chance to convert rapidly declinning fiat, for real money.