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Yes!Gold miners are starting to decouple slightly from spot price because earnings are improving. Some say they could be the next tech stocks.
GDX
GDXJ
GDXU
SLV
SLVR
SIL
SILJ
pmbug said:Gold and silver both trade almost dead even with yesterday's close in overnight trading in China. The SFE silver vault reports a huge inflow. If the speculation that the recent blowout in EFP spread is due to tariff uncertainty in the USA (scaring actors from trying to ship metal from London to USA) is correct, I suppose it might encourage actors to ship (more?) metal to China given the ~5% premium over spot.
U.S. private sector hiring rose less than expected in August, data released Thursday shows, offering the latest indication of trouble in the labor market.
Private payrolls increased by just 54,000 in August, according to data from processing firm ADP published Thursday morning. That's below the consensus forecast of 75,000 from economists polled by Dow Jones and marks a significant slowdown from the revised gain of 106,000 seen in the prior month.
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Jobs tied to trade, transportation and utilities saw particular weakness in August, with the group losing 17,000 roles on net, according to the ADP. Education and health services followed, recording a decline of 12,000 jobs.
But those losses were offset in part by a boom in the leisure and hospitality industry, which added 50,000 jobs in the month.
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Thursday's ADP report adds to an already concerning picture of the labor market.
Jobless claims increased to 237,000, up 8,000 from the prior week and above estimates, per data also published Thursday morning. The Job Openings and Labor Turnover Survey registered one of its worst levels for job openings in July since 2020, according to government figures released Wednesday.
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U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message.
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The company has about 13,000 employees globally, meaning between 2,600 and 3,250 employees will be affected. Most of the cuts will be made before the end of the year, ConocoPhillips spokesperson Dennis Nuss said in an email.
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The Great Inversion is finally upon us. Get out while you still can. When the wealthiest top 0.00001% quietly unload their bags onto the 99.99% of retail sheep, it’s not a market, it’s a transfer. And it always marks the top.
Over the last week, 198 of the top 200 insider trades were sells. In two weeks, it was 398 of 400! The last time insider dumping hit this scale was the late 1920s, right before the Great Depression.
Unemployment is rising worldwide. Inflation is creeping back. The pressure is building exactly as it did a century ago. The worst damage will fall on stocks and crypto, both will easily to 80-90%+ of their value.
Passive investing. 401Ks, pension funds, etc. Those keep on investing.Retail hasn't really been buying, and therefore stock prices Should have declined as the Insiders get out. But we have prices that are nearly completely controlled, allowing them to get out mostly unnoticed.
Passive investing. 401Ks, pension funds, etc. Those keep on investing.
interesting interviewClive has noticed that there is a decent sized change and will be some Gold Miner rebalancing with GDX coming.
Uh...
WTF?
I don't know if this is legit or how significant a player Questrade is, but it seems like another red flag to me...