What I can't believe is the price went down!!!
Can you imagine what would have happened if the jobs number implied they were going to withdraw QE- POG would have got absolutely smashed!
It got belted anyway!!!
There was an excellent PierPoint article in yesterday's AFR which describes how the POG is manipulated- and I have no doubt it is- the whole ******* stock market is as well by the investment banks operating it and most probably by the Federal Reserve as well who are completely ******, have nowhere to go- but the last thing they want to show is that they are ruining the market- and the last thing any of them can allow is for POG to rise- as that would show there is a serious problem that is not going to be resolved!!
What annoys me is they think the average man on the street is stupid.
Sorry- just venting as its very annoying.
175 000 new jobs in usa for may , page-9
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