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Thread: Greece Jobs Report Heating Up Markets

  1. #1
    Join Date
    Oct 2014
    Posts
    357

    Post Greece Jobs Report Heating Up Markets

    Brrrr...
    It's been a chilly week on the East coast!

    Let's warm up with a recap of some of the week's top stories, starting with those jobs numbers. Friday morning's January U.S. jobs report showed the key non-farm payrolls number up 257,000, which was better than expected. Gold prices hit a three-week low on the news, as of newsletter time spot gold on Kitco.com was trading at $1,231.70 an ounce, down $32.80.



    In other news, it will be interesting to see how the ECB/Greece standoff plays out. This week, the ECB pulled the plug on Greek funding, saying it would no longer accept Greek government bonds, or bonds it guaranteed, as collateral starting February 11.


    For the full story, John Doody, Pete and Jim's take on gold prices and the Euro situation, and many more interesting and relevant news,

    Get the week’s hottest precious metal news, commentaries and events by subscribing to Kitco’s weekly newsletter.




  2. #2
    Join Date
    Jun 2014
    Posts
    3,458

    Default

    Yeah....stories is the right word....Fairy tales is even a better word for selling your own products

    99% of the world does not want pm's to move up, better said the last spike from 2010 to 2012 was manipulation to the upside....I see only lower prices, all this propaganda talking about the moon shots and new highs: JEEEZZZZ stop it

  3. #3
    Join Date
    Oct 2014
    Posts
    357

    Default

    Thank you for expressing your opinion DutchSilver. To clarify, we do not pretend that any one analyst has a crystal ball. Provided you are able to substantiate your views with evidence, if you disagree with any point of view expressed in our Contributed Commentaries, you do not have to sit on the sidelines. We encourage you to write an article of your own and forward it to articles@kitco.com, where our editor will look it over and (provided it is pertinent of course), will send it along to the posting team.
    We take pride in the fact that kitco.com is as unbiased an information hub as they come: our news feed is automated, set to pick up popular precious metals and financially relevant news from around the web. It is only manually adulterated for the purpose of weeding out the odd troll article that may go viral.
    As for the matter of our interest in precious metals related news, since Kitco is both a buyer and seller of precious metals, we have no stake in prices. Any seasoned trader will agree that since we cover our trades live, the price of precious metals has no incidence on whether or not we make a profit since we do not speculate.
    I hope this information helps shed some light on the fact that we are much less concerned with precious metal prices than with
    accurate and impartial news reporting, since this is what brings visitors back to our site time and time again.
    Last edited by Customer Care; 02-12-2015 at 09:55 AM. Reason: formatting

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