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The Market Falls Into Complacency As Another Jobs Report Beats Expectations -Nathan McDonald (07/09/2018)

From the archives of sprott money news

Sept 7, 2018

Despite the constant outcries from the Mainstream Media, despite the ongoing, almost constant negative coverage of President Trump and his administration, the economy continues to chug along at a rapid pace, rising and accelerating in momentum.

This cannot be denied and it is a true testament to just how resilient the American economy is at the moment, despite the fact that the world grows increasingly more geopolitically unstable with each and every passing day.

Confirming this positive direction was the recent August Jobs Report , which is hot off the press, showing that once again, the American public is growing in confidence and as a result, putting their money where their mouths are.


Businesses continue to not only hire additional workers, but are in fact increasing their wages at levels not seen since 2009.


Once again beating market expectations, the August Jobs Report showed that 201,000 additional net jobs were added throughout the month, and hourly wages increased by 2.9% year over year.


This is a sharp increase in both numbers and is exactly why the stock market continues to chug higher and higher with each additional positive report, surprising the markets each and every time.


Adding fuel to the bull market fire, is the fact that unemployed remains at an incredibly low level, 3.9%, with no signs of immediately changing direction.


As previously noted, consumer confidence remains at elevated levels, despite all the perceived negativity in the world at the moment, resting at an 18 year high.


Not surprisingly gold and silver were once again immediately pounded upon hearing these reports, as market pundits rejoiced and shed off the need for their insurance policies that come in the form of hard metals.

Yet, mark my words, despite all the positive news that you have read above, this is a mistake and once again the sheep are being led to the slaughter.


Things may be going good, and consumer confidence may be at all time highs, but much of this faith is being blindly placed in bogus, jerry-rigged government statistics. People should never get too comfortable and assume that "this time is different".


It should come as no surprise that much of the ruling elite are not happy with President Trump, or the way that he is running roughshod over their carefully orchestrated plans, plans that they have been working on for decades.


People can savor the moment, and hope for the best, but to shed their precious metals insurance policies at this time, would be insanely foolish. In fact, it is times of artificial suppression such as these, that one should in fact be slowly adding to their positions, making hay when the sun shines.


To fall into complacency at this period in time would be the worst thing that you could do.


Geopolitical, and internal political pressures are reaching an intense boiling point all over the world as people become increasingly more insular in their self selected echo chambers of their choice, while at the same time the MSM stokes of the fires of unrest.


Be on guard, be prepared and remember always, this time is not different. It never is.

Don’t miss a golden opportunity.

Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.

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About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.


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