With continued uncertainty in global markets, many wonder, will silver outperform gold? Also, why John Hathaway believes the gold price will rise.
By Bill Fleckenstein President Of Fleckenstein Capital
June 2 (King World News) – Japan led world markets lower last night, losing 2%, but that decline, as well as small changes elsewhere, were of no consequence. The early going here saw a modest amount of weakness, but that dip was (again) bought as folks jockeyed for position in front of tomorrow’s nonfarm payroll report. On a related note, the ADP report hit the magic estimated number on the button at 173,000 jobs created…
We’re Not Getting What They Paid For
Tomorrow’s job creation expectations are on the low side, at only 160,000, so it is entirely possible the government will be able to “make the number,”
Gold prices are sliding towards the $1200.00/oz level as we write, if that breaks then the next test will be $1168.00/oz
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