Armstrong believes that gold is NOT a hedge against inflation but rather a hedge against a loss of confidence in government. There is a difference, and Martin does a good job explaining it. He is reiterating his latest papers in stating that a loss of confidence in the government sector is coming soon if . . . → Read More: Martin Armstrong and FOFOA articles
On Wednesday, two jobs related reports continued to show a labor market on the mend. The Christmas, Challenger and Grey report showed corporation layoff counts fell sizably in August, to 76,456 versus July’s 97,373.
The more closely watched ADP employment report also showed improvement on Wednesday. And Tuesday, the ISM manufacturing . . . → Read More: Merry Christmas In September – Jobs Outlook Continues to Improve
Trace Mayer writes some good stuff, but his recent Massive Institutional Gold Market Change article hypes an midly interesting strategic development in the gold market. There are two statements he makes which are not correct.“gold demand that was previously satisfied with physical bullion through forward contracts between private parties can now be satisfied with . . . → Read More: No Massive Institutional Gold Market Change