How Will Friday’s Jobs Report Affect Gold & Silver Prices?

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tbird165
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How Will Friday’s Jobs Report Affect Gold & Silver Prices?

#1 Unread post by tbird165 »

Investors are anxiously waiting on the edge of their seats to determine what the Federal Reserve’s plans are with respect to their $85 billion a month bond buying program, but the Fed provided very little guidance in their statement on Wednesday, only indicating that the economy is showing modest growth, which some investors construe as a slight weakening of the economy when compared to their previous statements of “moderate growth.”...

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Re: How Will Friday’s Jobs Report Affect Gold & Silver Price

#2 Unread post by Daniel »

When will investors stop being reactors to what the feds say, they already know that it's not completely accurate, so why buy and sell gold because of it? However, it will effect gold prices but not as much as it used to when the announcements came.

Just because jobs are created doesn't mean the dollar is stronger, the jobs being created are lower paying jobs. Plus, how do they create jobs? They don't. Businesses hire more when their business is growing or experiences some growth. So not only do we need to see how many new hires (created jobs) but also how many lay offs nationwide, and minus that from the figure.

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