A very nice rally today in the precious metals and, finally, the mining shares got in on the act, too. But this could all change tomorrow with the BLSBS so please be sure to give this podcast a listen ahead of the important data at 8:30 ET.
With The Fed now in "data dependent mode", the BLSBS will dominate the news and the markets tomorrow. What will it show? Will it beat "expectations"? Well, it's always important to understand the statistical BS that makes up the report so we begin today with another discussion of the mercurial "birth/death adjustment"....
