It's a 3-day holiday weekend. Markets are closed in the U.S. Too bad, too, as the metals would have seen a pop today.
As this is a holiday, I'll keep this brief with a few links links lifted from ZH that should begin the conversation. First up, this Lee Adler piece discussing the outright manipulation of the BLSBS data:
Next, here's the report of the actual data. (All the political incentive to goose these numbers and the best they could do was a lousy +120,000? Yikes! And the drop in the headline number to 8.2% is simply based upon a big reduction of the total number of people "in the labor force".)
Lastly, a lot of talk about the Blythe Master interview yesterday on CNBS. Watching the video is fine and it's included in this ZH link. What you really need to read, however, is "Tyler's" reporting of it. Absolutely spot on analysis. For whatever reason. "Tyler" never overtly joins the goldbug camp. However, it is quite clear that, deep down, he is one of us.
I'll stop there lest someone think that Harvey Organ has taken over as guest "Turd" for the day. I hope that everyone has a safe, relaxing and fun holiday weekend. Get ready for a wild week next! TF