NFP +163,000 on expectations of + 100,000
Official Unemployment Rate rises to 8.3%
Full time jobs: -197,000
Silver slammed below $27 to $26.96, gold to $1584
Mr. Market will not be happy on the better than expected report (many were calling for a NEGATIVE print), as QE3 likely will not happen at an FOMC meeting in 2012. QE3 will be an emergency Sunday night action if it happens anytime soon.
*Update: Silver has popped back above $27, already back to $27.25 as the $27 level continues to be aggressively bought on ANY dips below.