Silver LAUNCHES All The Way To $18 At Release Of Nothingburger August Jobs Report
Oh the suspense, because if you believe the numbers, they're not really all that bad, or all that good...
(by Half Dollar) First things first: For all of this newfound "hope" in justice coming to the Perth Mint, I'd like to remind everybody that it's the Queen of Australia who runs that place, much like it's the Queen of Canada who runs the Royal Canadian Mint, and as far as I can tell, both mints are team players, through and through, and I'd also like to remind everybody which side of the coin the Queen of Australia is on, so, um, yeah.
The Employment Situation Report, commonly called the Jobs Report, has just been released for the month of August, 2022.
And according to the BLS, in the US, in August:
Total employment increased by 315,000Unemployment rate rose to 3.7%Average hourly earnings rose by $0.10 per hourSuperficially, this report would not be considered all that bad or all that good, but I wouldn't call it a "Goldilocks" report, either.
It's more like a nothingburger.
Silver surged all the way back to $18 on the release of the report:
Of course, everybody knows 'Ol Half Dollar's call.
Developing...