Markets reacted negatively. NASDAQ is now in correction territory down over 2% on Friday and now far above its early August low. Bitcoin is down $10k in 2 weeks circa drop 17%.
Why one must ask. Well the devil is in the detail. The reason maybe due to significant revisions to prior months NFP figures - eg June is down massively from over 200k to not far above 100k, revisions have been negative for the last 4 months and 6 out of the last 7 and the downward revisions are significant. Private sector NFP for the last 3 months is below 100k and may fall further with further downward revisions, Even July’s poor figure was revised down.
With the sharemarket down a lot I suspect but don’t know the reason POG is down is due to selling gold to make margin calls.
Gold and macro environment, page-204
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Last
$1.28 |
Change
0.035(2.82%) |
Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.30 | $1.24 | $5.422M | 4.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29274 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |