Trend Alert!

 

Trend Alert!

 

 

We can not, not comment on what happened with the silver market this week, so we will try and make it short and sweet. Silver has seen 5 margin hikes in the past 2 weeks (unheard of for any commodity), and the CME Group has forced a silver sell off that could continue into next week. We believe with the debt ceiling breached, QE2 supposedly ending, and prices at the grocery store getting out of control, attacking silver is the ultimate deflationary head fake. We expect a lot of deflationary talk early in the summer and even a possible panic in order to convince the public and congress that more printing of currency is needed. We will of course be on top of this and will discuss our ideas of what we see ahead in more detail next week.

 

 

Jobs Numbers from the Ministry of Information

 

 

Also, a quick note on the jobs' numbers straight from the Ministry of Information (BLS). The headline number was 294,000 jobs created for the month of April, 62,000 of which were from McDonalds, non-full time, minimum wage jobs, and of course according to the government, people who take these jobs are fully employed. The Birth Death Model, where the government just picks a number out of the air to guess how many jobs MIGHT have been created, came out to 175,000 jobs. Remember, the Birth Death Model is always wrong and always paints a rosy picture, even creating hundreds of thousands of jobs during the 2008/2009 panic.  Another important number to mention before you watch our new video, is that the number of people NOT in the labor force reached a new all time record of 86.248 million people.