NFP Beats Expectations: +163,000

August 3, 2012 By 1 Comment

  •  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.


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Comments

  1. Avatar of Silvergood1 Silvergood1 says:
    August 3, 2012 at 8:53 AM

     

    Sadly, the reported government numbers are a complete fraud.  The real unemployment rate is over 20%, and NFP is simply doctored numbers.  This is simply a way for the fed to smack down the precious metals again.

    We live in a sick manipulated world.  There are no FREE markets anymore. 

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