Stocks And Precious Metals Charts - Fresh Economic News Next Week

The US Jobs Report came in shockingly low. So low in fact that after the initial shock, the markets were able to largely disregard it into the close.

There is a widespread feeling though that the Fed has been sidelined for the year in their program of higher interest rates. But they still seem to be determined to steadily unwind their very bloated balance sheet.

So with the pessimism about interest rate increases, the US Dollar fell rather heavily from its recent overdone highs.

And commensurately gold and silver took off from their short term oversold lows.

Although there is some cheering with regard to the increase in average wages, average does not quite do it, and the increase was slight. And some astutely noted that the average workweek declined a bit as well.

Hardly signs of a recovery. But hope and the bulloney in which it is wrapped these days beats eternal in the worldlings.

There will be a great deal of fresh economic news next week. I have included the calendar for next week below.

Have a pleasant evening.

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