Gold and What Moves it.
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Tracking all things that relate to and affect the price of gold.
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Hathaway - Give-Up Phase As Gartman Shorting Gold Is Bullish

Hathaway - Give-Up Phase As Gartman Shorting Gold Is Bullish | Gold and What Moves it. | Scoop.it

Today John Hathaway told King World News, “... we are psychologically at the give-up phase on gold.” The 40-year veteran and prolific manager of the Tocqueville Gold Fund also stated that Dennis Gartman announcing he shorted gold yesterday is a very bullish development for the gold market.  But first, here is what Hathaway said to expect next for gold:  “Eric, this feels to me like last May when gold had a launch into September to complete a pretty big rally.  It was a more than a 40% kind of move on the XAU.  All of the things I look at, sentiment, trading volume, commentary, you know Credit Suisse put that piece out about the end of the bull market in gold.” ...

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Charles Hugh Smith: Why Employment Is Dead in the Water

Charles Hugh Smith: Why Employment Is Dead in the Water | Gold and What Moves it. | Scoop.it

Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising.


Let's start by reviewing the basics of employment in the U.S. Courtesy of the St. Louis Federal Reserve, here is the non-institutional civilian population of the U.S. (Note that the Civilian Non-institutional Population With No Disability, 16 years and over (LNU00074593)--roughly speaking, the workforce of the nation-- is 215 million).
Here is the percentage of the population with some kind of job: note this could be self-employment that earns $1,000 a year or a job with 4 hours a week; recall that 38 million American workers earn less than $10,000 per year, 50 million earn less that $15,000 a year and 61 million earn less than $20,000 annually. All these numbers are drawn directly from Social Security Administration payroll data. ...
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